Calculated Risk
MAY 11, 2023
The DOL reported : In the week ending May 6, the advance figure for seasonally adjusted initial claims was 264,000 , an increase of 22,000 from the previous week's unrevised level of 242,000. This is the highest level for initial claims since October 30, 2021 when it was 264,000. The 4-week moving average was 245,250, an increase of 6,000 from the previous week's unrevised average of 239,250.
Wealth Management
MAY 11, 2023
Contrary to the current media narrative, certain real property segments—namely multifamily—have and continue to demonstrate solid performance.
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Calculated Risk
MAY 11, 2023
From the MBA: Mortgage Delinquency Rate in First-Quarter 2023 Declines to Second-Lowest Level in MBA’s Survey The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56 percent of all loans outstanding at the end of the first quarter of 2023, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
Wealth Management
MAY 11, 2023
Blackstone is in talks with regional banks on forming a partnership to funnel loans to the private equity giant, reported the Financial Times. Starwood REIT has shaken up its leadership team, according to CoStar. These are among the must reads from around the real estate investment world to end the week.
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Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste
Abnormal Returns
MAY 11, 2023
Markets What's the best asset to hold during a recession? (morningstar.com) If you invest in stocks there are going to be extended periods of poor performance. (bestinterest.blog) Companies Disney+ ($DIS) shed 4 million subscribers in Q1. (variety.com) How fast is Starbucks ($SBUX) growing outside the U.S.? (investmenttalk.co) What Google ($GOOGL) has going on in AI.
Wealth Management
MAY 11, 2023
On day one of DeVoe & Co.’s Elevate conference, attendees were told to channel "Kung Fu Panda" and be more like Starbucks.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MAY 11, 2023
Stratos has taken a majority stake in one of its existing firms, San Diego-based BWM Financial, to seed the new division. Stratos Private Wealth will provide a branded, single experience for UHNW and HNW clients.
The Reformed Broker
MAY 11, 2023
Final Trades: P&G, Terreno Realty, Toast & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Wealth Management
MAY 11, 2023
A lot can be learned listening to clients’ experiences with financial advisors—good and bad. We talked to Mahesh Eswar of Princeton, N.J., an executive at a tech consulting company.
The Big Picture
MAY 11, 2023
SAVE THE DATE: Future Proof 2023, September 10-13 We hosted the first Future Proof conference last year, and it was quite delightful (see all of the reviews here ). This year, we are upping the ante, with more guests speakers, more live podcast recordings, and more fun! I think for RIAs, it is the most important conference event of the year, as do others ( Best Conference Experience for 2023 ).
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Wealth Management
MAY 11, 2023
HSBC and Scotia will pay $15 million and $7.5 million and acknowledge their supervision failures violated record-keeping rules, while the SEC said the case was a reminder for firms to self-report disclosure lapses.
Calculated Risk
MAY 11, 2023
Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-April A brief excerpt: Interestingly, new home inventory is essentially at a record percentage of total inventory. This graph uses Not Seasonally Adjusted (NSA) existing home inventory from the National Association of Realtors® (NAR) and new home inventory from the Census Bureau (only completed and under construction inventory).
Wealth Management
MAY 11, 2023
At least eight deals were announced in the RIA space this week, along with five key hires.
A Wealth of Common Sense
MAY 11, 2023
A reader asks: Big fan of The Compound from Japan! My mother (59 yo now and will be retiring in 8 years) is one of those people who doesn’t believe in putting money in the stock market because she’s afraid to “lose it all” – there are a lot of people in Japan who are still traumatized from the stock market bubble collapse in the early 90s.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Wealth Management
MAY 11, 2023
Backers argue that the segment of the multifamily market is underserved and likely to generate healthy returns amid economic uncertainty.
Abnormal Returns
MAY 11, 2023
Books An excerpt from "When the Heavens Went on Sale" by Ashlee Vance. (bloomberg.com) A Q&A with Henry Grabar author of "Paved Paradise: How Parking Explains the World." (vox.com) An excerpt from "Touch Matters: Handshakes, Hugs, and the New Science on How Touch Can Enhance Your Well-Being" by Michael Banissy. (behavioralscientist.org) A Q&A with Jonathan D.
Wealth Management
MAY 11, 2023
FP Transitions CEO Brad Bueermann discusses key aspects of M&A and succession, the most important factors around multiples, valuations, and maximizing enterprise value, and more.
Advisor Perspectives
MAY 11, 2023
The Consumer Price Index for Urban Consumers (CPI-U) released for April puts the year-over-year inflation rate at 4.93%. It is well above the 3.75% average since the end of the Second World War and above its 10-year moving average, now at 2.61%.
Speaker: Erroll Amacker
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
Wealth Management
MAY 11, 2023
Frank Holding Jr. and his extended family have seen the value of their stake double to about $2.2 billion after buying Silicon Valley Bank’s assets out of bankruptcy.
NAIFA Advisor Today
MAY 11, 2023
During Disability Insurance Awareness Month , InsuranceNewsNet features an article from NAIFA member Rick Cordaro, DIA, DIF, LUTCF®. In the article, Rick shares insights into the intricacies of protecting gig economy workers with disability insurance.
Wealth Management
MAY 11, 2023
The transaction means immediate financial relief, allowing CI Financial to pay down some of the debt it accumulated when it acquired dozens of wealth management offices across the US.
Advisor Perspectives
MAY 11, 2023
The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Wealth Management
MAY 11, 2023
GraniteShares is looking to debut funds focused on American Airlines Group Inc., Apple Inc., Coinbase Global Inc., Meta Platforms Inc., Tesla Inc., among others.
Million Dollar Round Table (MDRT)
MAY 11, 2023
By Antoinette Tuscano, MDRT Content Specialist You’re missing connecting with prospective — and even existing — clients if your marketing messages are only about how you do something better, faster or cheaper. Instead, communicate like some of the most successful leaders and companies. Talk about your why. Why do you care? Why are you truly in business?
Wealth Management
MAY 11, 2023
The $36 billion Vanguard Short-Term Corporate Bond ETF (VCSH) has bled nearly $5.5 billion this year, the most year-to-date since its inception in 2009.
MarketWatch
MAY 11, 2023
Shares of Blue Bird Corp. BLBD rallied 12.6% after hours on Thursday after the school-bus manufacturer raised its sales outlook, said a turnaround plan was “ahead of schedule” and reported fiscal second-quarter results that beat expectations. The company boosted its full year-sales outlook to just over $1.1 billion, compared with FactSet estimates for $1.018 billion and a forecast in February for “just over” $1 billion.
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Good Financial Cents
MAY 11, 2023
In response to a wave of scam calls plaguing WhatsApp users, the popular messaging company has issued a statement outlining its efforts to combat the fraudulent activities. The scams involve individuals receiving calls from fake international numbers , causing concern and confusion among users. WhatsApp has implemented spam detection technology to identify and take action against accounts engaging in suspicious behavior related to spamming activities.
MarketWatch
MAY 11, 2023
Tesla Inc. TSLA Chief Executive Elon Musk says he’s found a CEO to run Twitter Inc., and “she” starts soon. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk tweeted Thursday afternoon. “My role will transition to being exec chair & [chief technology officer], overseeing product, software & sysops.
Random Roger's Retirement Planning
MAY 11, 2023
Charlie Bilello Tweeted about portfolio diversification saying "if you have a diversified portfolio, you will always have something that is underperforming." This is a point I have been making since I started blogging. If everything goes up together, it will probably go down together. Because I think it is related, there is no strategy, fund, stock or whatever that can always be the best.
MarketWatch
MAY 11, 2023
The Bank of England on Thursday lifted interest rates for the 12th consecutive meeting, taking rates up by a quarter point to 4.5%. The 7-to-2 vote was expected. One key change in the statement was its new view that the U.K. will avoid recession. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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