Calculated Risk
APRIL 17, 2023
Altos reports that active single-family inventory was down 1.3% week-over-week. Inventory still hasn't bottomed seasonally. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of April 14th, inventory was at 405 thousand (7-day average), compared to 411 thousand the prior week. Year-to-date, inventory is down 17.4%.
The Big Picture
APRIL 17, 2023
I mentioned a few weeks ago how much better Europe ‘s return to office rate was doing versus ours : 90+% RTO, while the USA is ~60%. I cannot speak to Europe, but that U.S. number is an average across all regions, industries, age groups, etc. In some parts of the country, it is appreciably higher or lower; as you might imagine, it varies greatly.
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Calculated Risk
APRIL 17, 2023
The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 45, up from 44 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Lack of Existing Inventory Continues to Support Builder Sentiment Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues to grapple with building material issues.
Wealth Management
APRIL 17, 2023
Reframe professional development review meetings to put the onus on the employee to hold themselves accountable.
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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
Nerd's Eye View
APRIL 17, 2023
New client growth is the lifeblood of financial planning firms and there are myriad strategies for attracting qualified prospects, but many of these come with a hard-dollar or time cost for the firm. Which is why many advisors seek to leverage client referrals, where their clients refer family members, friends, or colleagues to the advisor. At the same time, asking clients to make referrals (and having the referred individual actually reach out to the advisor) can be challenging.
Wealth Management
APRIL 17, 2023
Driven by societal pressures, defined contribution plans begin a needed fundamental transformation.
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Wealth Management
APRIL 17, 2023
Driven by private equity activity, entity-level transactions accounted for more than half of investment sales volume in the data center space in 2022.
Calculated Risk
APRIL 17, 2023
From Matthew Graham at Mortgage News Daily: Mortgage Rates Suddenly Near 1-Month Highs After bottoming out at the lowest levels in months in the first week of April, mortgage rates have been rising fairly quickly. As of this afternoon, you'd have to go back nearly a month to see a higher 30yr fixed rate from the average lender. In the slightly bigger picture, this leaves us slightly higher than the middle of 2023's range marked by lows near 6% in early February and highs just over 7% in early Ma
Wealth Management
APRIL 17, 2023
The WMRE Daily is now The WMRE Memo and the frequency of the newsletter is changing.
Abnormal Returns
APRIL 17, 2023
Markets The case for international stocks. (whitecoatinvestor.com) Why Warren Buffett is looking overseas for investments. (wealthmanagement.com) Media Warner Bros. Discovery ($WBD) is taking half measures when it comes to streaming. (cnbc.com) Music companies have hamstrung the vinyl renaissance. (tedgioia.substack.com) Why AI music won't dominate the charts.
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
APRIL 17, 2023
Sanctuary Wealth's Patrick McGowan comes on the podcast to discuss how the RIA is assessing alternative investment opportunities and structures.
Abnormal Returns
APRIL 17, 2023
Podcasts Brendan Frazier talks with Barry Ritholtz about what actually helps change behavior. (wiredplanning.com) Frazer Rice on what it takes to successfully fund and plan a career pivot. (podcasts.apple.com) The biz Why Dynasty Financial Partners and MarketCounsel are investing more in compliance software provider SmartRIA. (riabiz.com) Private equity is still pouring into the RIA space.
Wealth Management
APRIL 17, 2023
How business owners preparing for a sale can benefit from the expected uptick in M&A activity.
Andrew Thrasher
APRIL 17, 2023
I’m extremely honored to share that I’ve won the Charles H. Dow Award for my paper, The 5% Canary. This is the second time a paper I’ve written has been selected to receive the Dow Award by the CMT Assocation. Continue reading Winning The Charles H.
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
APRIL 17, 2023
Beacon Pointe Advisors closes its largest acquisition of year in New York City and Bridgehampton, N.Y.
A Wealth of Common Sense
APRIL 17, 2023
Today’s Talk Your Book is brought to you by Madison Investments: See here to learn more about investing in Madison Investments strategies and managed account solutions and here for Haruki’s year-end letter to investors. On today’s show, we are joined by Haruki Toyama, Portfolio Manager and Head of Mid-Cap and Large-Cap Equity at Madison Investments to discuss investing in Large-Cap and Mid-Cap US Equ.
Wealth Management
APRIL 17, 2023
In total, 36 states have adopted regulations or legislation modeled of the 2020 template by the National Association of Insurance Commissioners.
NAIFA Advisor Today
APRIL 17, 2023
When Melissa Snively graduated from college, she began working as a national consultant for her University of Florida sorority. The job required long and strenuous hours, though, so she wanted to find a new opportunity. She had a friend who worked for State Farm who suggested she join the company. In 1994, she started as an underwriter, then became an agent before opening her own State Farm agency in 2001.
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
APRIL 17, 2023
Heartbreak Hotel for Priscilla Presley after Lisa Marie's daughters were named trustees of her estate.
Trade Brains
APRIL 17, 2023
A Walk through Ratan Tata Story : Today marks the birth of one of the finest and most respected industrialists in India, Ratan Naval Tata, former chairman of Tata Sons. Today Tata has its presence in almost all areas, from the cars we travel in, the clothes we wear, the hotels we vacation in, to the tea we drink. So how did Ratan Tata manage such a colossal group?
Wealth Management
APRIL 17, 2023
High-quality companies can be found outside the US, and often at cheaper prices.
Carson Wealth
APRIL 17, 2023
The Bullish Signals Are Stacking Up “If you don’t know where you want to get to … it doesn’t matter which way you go.” — The Cheshire Cat speaking to Alice in Alice in Wonderland Stocks have continued to stage an impressive rally off the mid-March lows, so much so that multiple rare and potentially bullish signals have been triggered. By themselves, any one of these signals could be noise.
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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
APRIL 17, 2023
Customer deposits declined to $325.7 billion as of March 31, Schwab said Monday in a statement, roughly in line with analysts’ estimates.
Nationwide Financial
APRIL 17, 2023
March’s cooler CPI data provided further evidence that price pressures are fading in many pockets of the economy. But inflation for services remained high which should keep the Fed on track for another rate hike in early May. Retail sales dropped in March for the fourth time in the past five months. Households are clearly feeling the pinch from rising interest rates and the extended period of high inflation and are reducing expenses to compensate.
Wealth Management
APRIL 17, 2023
The bank attracted wealthy clients with loans that have become a costly hurdle to finding a rescuer.
MarketWatch
APRIL 17, 2023
The U.S. Securities and Exchange Commission on Monday charged crypto trading platform Bittrex Inc. and its co-founder and former CEO William Shihara with operating an unregistered securities exchange, the regulator said. The SEC alleged that Bittrex earned at least $1.3 billion in revenue between 2017 and 2022 serving U.S. investors as a broker, exchange and clearing agency without registering these activities with the Commission, in violation of the law.
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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?
Wealth Management
APRIL 17, 2023
Wednesday, May 03, 2023 | 2:00 PM ET
Alpha Architect
APRIL 17, 2023
Factor strategies need to be rebalanced in order to maintain their factor exposure. But different factors decay at different rates and this affects how they should be rebalanced. For example, momentum needs to be rebalanced more than value. This study digs into these questions. How factor exposure changes over time: a study of Information Decay was originally published at Alpha Architect.
Wealth Management
APRIL 17, 2023
CEO Sergio Ermotti has reached out to a select number of high profile former UBS bankers to gauge their interest in rejoining.
Advisor Perspectives
APRIL 17, 2023
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions increased 35.4 points from last month to 10.8, its biggest monthly increase in a year. This morning's reading was well above the Investing.com forecast of -18.0 and marks the first month in expansion territory in the last five months, and the largest expansion in the last nine.
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