Mon.Mar 06, 2023

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Housing March 6th Weekly Update: Inventory Decreased 2.6% Week-over-week

Calculated Risk

Altos reports that active single-family inventory was down 2.6% week-over-week. Usually inventory bottoms in early February, so we'd expect inventory to bottom seasonally soon. Here are the same week inventory changes for the last five years: 2023: -11.0K 2022: -3.7K 2021: -11.5K 2020: +1.0K 2019: -1.4K Click on graph for larger image. This inventory graph is courtesy of Altos Research.

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A Dozen Questions for Jerome Powell, Fed Chair

The Big Picture

This week, we get to hear from Federal Reserve Chairman Jerome Powell twice – tomorrow in the Semiannual Monetary Policy Report to Congress before the Senate Banking Committee and the next day in the House Financial Services Committee. We can expect a series of useless questions, posturing for sound bites, and self-aggrandizing speeches that pretend to be questions.

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Back to the Future: RPA Commissions Are Back

Wealth Management

Fiduciary RPAs paid additional fees from manufacturers or through proprietary products have no place in today’s transparent fiduciary world.

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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • Silicon Valley Confronts the End of Growth. It’s a New Era for Tech Stocks. Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push for new rules to crack down on the internet giants.

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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

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

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Rescue Capital: Staying Afloat Amid Uncertainty in the Real Estate Market

Wealth Management

Rescue capital is a more efficient and cost-effective way to recapitalize a real estate asset. Distressed situations can often be remedied without any further action being necessary.

Assets 246
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The Latest In Financial #AdvisorTech (March 2023)

Nerd's Eye View

Welcome to the March 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Conquest, a Canadian financial planning software provider (founded by the prior founder of NaviPlan) has raised $24M (CAD) of private equity capital in preparation for expanding its reach into the US &

More Trending

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Black Knight Mortgage Monitor: Home Prices Declined in January, "on pace to fall below 0% by March/April"

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: Home Prices Declined in January, "on pace to fall below 0% by March/April" A brief excerpt: Here is a graph of the Black Knight HPI. The index is still up 3.4% year-over-year but declined for the seventh consecutive month in January and is now 5.5% off the peak in June 2022. • Home prices fell again in January, pulling back by 0.24% from December and a more modest 0.13% on a seasonally adjusted basis • That’s th

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Transition Deals Are More Competitive Than Ever: Report

Wealth Management

Baseline recruitment deals were up last year, even among the independents, and many firms are getting more creative with their deal structures to incentivize movement, according to a recent Diamond Consultants report.

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Tuesday: Fed Chair Powell

Calculated Risk

From Matthew Graham at Mortgage News Daily: Mortgage Rates Started Lower, But Rose Intraday Mortgage rates have been hovering around the highest levels in months over the past 2 weeks, but had made a bit of progress by the end of last week. The improvement carried over into the early part of today. In other words, the average lender was offering just slightly lower rates this morning compared to the end of last week.

Banking 147
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LPL’s Strategic Wealth Services Lures $1.45B Team

Wealth Management

Recruited away from Wells Fargo, Carnegie Private Wealth is the largest team yet to join LPL’s SWS division, the IBD’s premium affiliation model that went live in April 2020.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

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.

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Adviser links: behavioral coaching

Abnormal Returns

Podcasts Christine Benz and Jeff Ptak talk with Stacy Francis who is president and CEO of Francis Financial about working with female clients. (morningstar.com) Brendan Frazier talks with Ted Klontz about how to better motivate, communicate and connect with clients and prospects. (wiredplanning.com) Daniel Crosby talks with Sam Sivarajan author of "Uphill: How to Apply Ancient Wisdom and Modern Science to Life's Choices and Challenges.

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A Rough February Reverses Some 2023 Gains for Publicly-Traded REITs

Wealth Management

Total returns for the Nareit All Equity REIT Index were down 5.9% in February, but REITs are reporting strong quarterly results.

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Monday links: successful relationships

Abnormal Returns

Companies Citadel's investment in weather forecasting is paying off big time. (ft.com) Substack has built itself into a 'multi-media powerhouse.' (generalist.com) CRE Landlords are waiving rent to keep buildings occupied. (wsj.com) Workers are reluctant to return to second-rate office space. (axios.com) Streaming Why are streaming boxes not getting any better?

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Seven Must Reads for CRE Investors Today (March 7, 2023)

Wealth Management

Fundrise’s CEO Ben Miller talks to The Real Deal about switching gears to the real estate debt markets. Ross Stores plans to open 100 new stores this year, reports Chain Store Age. These are among today’s must reads from around the commercial real estate industry.

Planning 246
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What Your Financial Statements Are Telling You—And How to Listen!

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.

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A Financial Planner Takes ChatGPT for a Test Drive

Advisor Perspectives

I took ChatGPT for a test drive by directing it to write an article summarizing important tax rule changes introduced by SECURE Act 2.0. The essay it produced was an epic failure.

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10 Must Reads for CRE Investors Today (March 6, 2023)

Wealth Management

The New York Times analyzed the barriers Black and Latino developers face, including lack of access to capital. Amazon’s HQ2 delay is “not a concern” according to Northern Virginia officials. These are among today’s must reads from around the commercial real estate industry.

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39 Best Money-Making Apps To Cash In Big!

Clever Girl Finance

This post on money-making apps contains affiliate links that help us grow Clever Girl Finance! Please see our disclosures for more information. If you have a smartphone in your pocket, you have access to apps that can help put money into your wallet. Using the best money-making apps can be the perfect way to add a little breathing room to your budget.

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Crypto Hedge Fund Accused of ‘Ponzi-Like’ Payments by SEC

Wealth Management

The SEC said BKCoin and its co-founder, Min Woo "Kevin" Kang, which had allegedly raised nearly $100 million from investors, violated securities laws by making “Ponzi-like” payments.

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How to Avoid Pitfalls In Automation: Keep Humans In the Loop

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.

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How To Make Money As A Teenager: 36 Lucrative Ways

Clever Girl Finance

How do you make money as a teenager? Earning money as a teenager can seem like an uphill battle. You have things to pay for, such as clothes, entertainment, going out with your friends, and let's not forget gas or transportation. As life gets more expensive , you are probably looking for ways to fund these expenses (Hello, 18th birthday party! ). Luckily, there are many ideas for how to earn money as a teenager other than gift cards and cash from birthdays and holidays.

Media 105
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What to Watch as Grayscale and SEC Face Off Over ETF Conversion

Wealth Management

Grayscale filed plans with the SEC in October 2021 to convert GBTC, the world’s biggest Bitcoin investment vehicle, into an exchange-traded fund.

Planning 225
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Market Outlook: 3 Reasons Long-Term Investors Should Be Optimistic

Darrow Wealth Management

It seems like bad news is inescapable these days. For much of last year, even good news about the economy was bad news for markets. Yes, 2022 was a terrible year for financial markets. In fact, it was the worst year ever for bonds (by a landslide) and the seventh worst for U.S. stocks (S&P 500) on record. Although we’re still not out of the woods with inflation or the Federal Reserve’s historic rate-rising campaign, long-term investors have several reasons to be optimistic about

Marketing 105
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American Dream Mall Owes NJ Town $8 Million, Lawsuit Says

Wealth Management

American Dream’s owner Triple Five Group agreed to make the payments in lieu of real estate taxes to the borough of East Rutherford on land surrounding the mall in exchange for rights to build a hotel, minor league baseball stadium and offices.

Taxes 130
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Book of Secrets on the Month-End Close

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.

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Can We Improve Momentum Factor Investing via Salience Theory?

Alpha Architect

The contribution of salience theory to the theory of asset pricing turns out to be quite a profitable insight for momentum strategies. Can We Improve Momentum Factor Investing via Salience Theory? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Blackstone CMBS Default Presages Bad Times for Property Owners

Wealth Management

It’s a totemic moment because Blackstone led the revival of the European CMBS market after the financial crisis.

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The 10 Best Residual Income Ideas for You to Try

Good Financial Cents

Most people have heard of passive income, but what about residual income? In this article, I’ll explain how residual pay works and share 14 residual income ideas that will allow you to earn money while you sleep (once you’ve put in some hard work!) Table of Contents What Is Residual Income? 1. Invest In the Stock Market 2. Real Estate Investing 3.

Investing 102
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Private Debt Shops Are Flexing Their Muscles in Race for Loan Deals

Wealth Management

The payment-in-kind option for part of the loan, is an arrangement being considered by lenders including Apollo, Blackstone and Oaktree Capital Management.

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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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?

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: Nutanix stock falls as early results top expectations

MarketWatch

Nutanix Inc. NTNX shares rose then fell in the extended session Monday after the hyperconverged-infrastructure company topped expectations with preliminary results. Nutanix shares rose as much as 6% after hours, then fell 3%, following a 0.5% rise in the regular session to close at $28.77. The company said that preliminary second-quarter revenue rose to $486.5 million from $413.1 million in the year-ago quarter, and annual contract value, or ACV, billings rose to $267.6 million from $217.9 milli

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Stocks Aren't the Inflation Hedge You Think They Are

Wealth Management

When inflation is above 8%, your best bet is to buy cheap and focus on dividends.

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2023 Asset Allocation Perspectives and Outlook

Brown Advisory

2023 Asset Allocation Perspectives and Outlook ajackson Mon, 03/06/2023 - 14:43 We are pleased to share Brown Advisory’s 2023 Outlook. Each year, the Annual Outlook report assesses the current investment landscape and discusses some of the main themes being expressed in client portfolios. Some key investment themes discussed this year include how a reset in valuations in the fixed-income segment may help simplify portfolio construction, reflections on the current environment where “cash flow is

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Holding Cash Will Be a Winning Strategy in 2023, Investors Say

Wealth Management

Passive funds and ETFs won’t completely supplant active managers, but their market share will continue to rise.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.