Calculated Risk
NOVEMBER 3, 2022
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Oct 29, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, increasing 40% above one year ago.
Wealth Management
NOVEMBER 3, 2022
The lack of available space and spiking rents around major U.S. ports is leading tenants to diversify or relocate to smaller ports around the country.
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Calculated Risk
NOVEMBER 3, 2022
On Friday at 8:30 AM ET, the BLS will release the employment report for October. The consensus is for 200,000 jobs added, and for the unemployment rate to increase to 3.6%. There were 263,000 jobs added in September, and the unemployment rate was at 3.5%. Click on graph for larger image. • First, as of September there are 514 thousand more jobs than in February 2020 (the month before the pandemic).
Wealth Management
NOVEMBER 3, 2022
Direct indexing portfolios will be made available through the Morningstar Wealth Platform.
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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
The Big Picture
NOVEMBER 3, 2022
Fed Chair Jerome Powell and the FOMC increased the Fed Funds Rate another 75 bps yesterday, to 3.75-4.0%. Markets have given back much of October’s gains fairly quickly. I have been turning this over slowly in my mind, trying to assess their thinking here. I am not sure what models they use, what data they think is most important, what impact their actions will have, and perhaps most importantly, exactly what they are hoping to accomplish.
Wealth Management
NOVEMBER 3, 2022
Seventy million baby boomers are preparing to pass an estimated $15 trillion in assets to younger cohorts in the next 10 years.
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Wealth Management
NOVEMBER 3, 2022
It's not just young people who look up advisors online.
Calculated Risk
NOVEMBER 3, 2022
The DOL reported : In the week ending October 29, the advance figure for seasonally adjusted initial claims was 217,000 , a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 217,000 to 218,000. The 4-week moving average was 218,750, a decrease of 500 from the previous week's revised average.
Wealth Management
NOVEMBER 3, 2022
Washington Business Journal cites D.C. Property Tax Administration's assessment of the market value of the nation’s highest profile government buildings, such as the White House. The Empire State Building is among a number of office buildings that have installed beehives recently as part of an effort to bring back tenants, reports Commercial Observer.
Calculated Risk
NOVEMBER 3, 2022
From the Department of Commerce reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $73.3 billion in September , up $7.6 billion from $65.7 billion in August, revised. September exports were $258.0 billion, $2.8 billion less than August exports. September imports were $331.3 billion, $4.8 billion more than August imports. emphasis added Click on graph for larger image.
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
NOVEMBER 3, 2022
The acquisition of Financial Resources Group Investment Services marks the first time LPL has bought one of its own branch offices. The firm will keep its brand and leadership team.
Calculated Risk
NOVEMBER 3, 2022
Today, in the Calculated Risk Real Estate Newsletter: “Interest rates have put the brakes on the market.” A brief excerpt: Here are some interesting real estate agent comments from around the country courtesy of Eric Finnigan , VP at John Burns Real Estate Consulting: #Sarasota, FL: “I've had numerous buyers looking but the prices are much higher than they want to spend.
Wealth Management
NOVEMBER 3, 2022
During IMPACT, Schwab outlined a far more detailed timeline for advisors to make the transition from TD Ameritrade.
A Wealth of Common Sense
NOVEMBER 3, 2022
A reader asks: My question is how does asset allocation strategy change with your net worth? For example, should someone of the same age with $10 million in net worth have the same allocation as someone with $1 million? The bulk of my career has been spent working in the institutional investment space — mainly foundations and endowments. These huge pools of capital liked to call themselves “sophisticated” invest.
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
NOVEMBER 3, 2022
Focus CEO Rudy Adolf says the firm is well positioned to take advantage of a larger trend, where M&A activity is stronger among small- and mid-sized RIAs.
Calculated Risk
NOVEMBER 3, 2022
(Posted with permission). The ISM® Services index was at 54.4%, down from 56.7% last month. The employment index decreased to 49.1%, from 53.0%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 54.4% October 2022 Services ISM® Report On Business® Economic activity in the services sector grew in October for the 29th month in a row — with the Services PMI® registering 54.4 percent — say the nation's purchasing and supply execut
Wealth Management
NOVEMBER 3, 2022
“The market does not care who wins. The market does not care about the horserace," said Charles Schwab's managing director covering legislation and regulation. Yet there is a laundry list of federal policies brewing that will impact advisors.
Calculated Risk
NOVEMBER 3, 2022
My October Employment Preview Goldman October Payrolls Preview Friday: • At 8:30 AM ET, Employment Report for October. The consensus is for 200,000 jobs added, and for the unemployment rate to increase to 3.6%.
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
NOVEMBER 3, 2022
The commission’s rule update on advertising and marketing reaches its compliance date on Friday, and experts are warning firms to make sure they’re ready.
Calculated Risk
NOVEMBER 3, 2022
A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate nonfarm payrolls rose by 225k in October (mom sa). Labor demand remains elevated despite declining this year, and Big Data indicators generally point to above-consensus payroll gains. We estimate the unemployment rate was unchanged at 3.5% in Octobe. We estimate average hourly earnings rose 0.35% month-over-month and 4.7% year-on-year.
Wealth Management
NOVEMBER 3, 2022
In this special episode celebrating the fifth anniversary of the podcast, Mindy Diamond and Louis Diamond explore the most popular themes for financial advisors and independent business owners.
The Reformed Broker
NOVEMBER 3, 2022
Final Trades: Waste Connections, Boeing & Zillow from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
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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
NOVEMBER 3, 2022
The president of Tolleson Wealth Management discusses working with clients to build a financial plan based on a combination of psychology, one-on-one support and high-touch client service.
Abnormal Returns
NOVEMBER 3, 2022
Books A Q&A with Guarav Batra, co-author of "The Titanium Economy: How Industrial Technology Can Create a Better, Faster, Stronger America." (fasterplease.substack.com) An excerpt from "It’s Not TV: The Spectacular Rise, Revolution, and Future of HBO" by Felix Gillette and John Koblin. (bloomberg.com) An excerpt from “I Wouldn’t Do That if I Were Me: Modern Blunders and Modest Triumphs (but Mostly Blunders)” by Jason Gay.
Wealth Management
NOVEMBER 3, 2022
Fueled by billions of dollars from affluent individuals, Blackstone Real Estate Income Trust has become one of the firm’s top profit drivers, expanding property investing in private markets to the masses. Now, the money machine is facing its biggest test. Rising interest rates threaten to drag down property values and make cheap debt harder to come by.
Nerd's Eye View
NOVEMBER 3, 2022
For many financial advisors, prospecting efforts have traditionally been based on a perspective of scarcity, where the aim was to focus on connecting with and closing as many prospects as possible, regardless of their actual needs. However, in order to accommodate a wide range of clients with wildly diverse needs, firms often need to provide a myriad of services to address those needs.
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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
NOVEMBER 3, 2022
Friday, December 02, 2022 | 1:00 PM ET
The Irrelevant Investor
NOVEMBER 3, 2022
Today’s Animal Spirits is brought to you by Masterworks: See here to learn more about investing in contemporary art and here for important disclosures* On today’s show we discuss: PayPal earnings Coinbase earnings November FOMC meeting Earnings season The Warren Buffet way still works Junk-bond deals on track for the slowest October and Year since 2008 Rising rates threaten to expose office building’s in.
Wealth Management
NOVEMBER 3, 2022
During IMPACT, Schwab outlined a far more detailed time line for advisors to make the transition from TD Ameritrade.
Alpha Architect
NOVEMBER 3, 2022
Soroush Ghazi and Mark Schneider authors of the August 2022 study “Market Risk and Speculation Factors” decomposed the excess market return (the equity risk premium) into speculative (in the simple sense that it is negative, reflecting a premium investors pay to hold assets that are more subject to speculative demand) and non-speculative, or risk (in the simple sense that it is positive, a necessary characteristic for a factor to reflect compensation for risk) components.
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