The Reformed Broker
SEPTEMBER 23, 2022
A recession so contrived and man-made that every economist, politician, business owner, college student, CEO, rapper and professional athlete has been able to see it coming in real-time for months and months… Take a picture, you may never see anything so obviously about to happen ever again. A child could have foreseen it. At a certain point, a person who is charge of price stability should probably look in the mirr.
Calculated Risk
SEPTEMBER 23, 2022
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale and Jiayi Xu: Weekly Housing Trends View — Data Week Ending Sep 17, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, and improved 28% above one year ago.
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The Big Picture
SEPTEMBER 23, 2022
The Devil must be strapping on his ice skates: Ferrari just introduced the Purosangue, a 4-door, 4-seater SUV crossover. We should not be surprised. Other sports car makers have embraced the SUV to great success: The Cayenne (literally) saved Porshe from bankruptcy; Lamborghini Urus helped drive the company’s worth to ~$11 billion. That Maranello wants some of that juice reveals how the modern world of ultra-luxury playthings works.
Wealth Management
SEPTEMBER 23, 2022
Asset classes like equities and real estate generally outgrow inflation.
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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
SEPTEMBER 23, 2022
My end-of-week autumnal morning reads: • Navigating the Pain of Your First Bear Market : In the coming 40-50 years I’m planning on experiencing at least 10 or more bear markets, including 5 or 6 that constitute a market crash in stocks. There will also probably be at least 7-8 recessions in that time as well, maybe more. ( Wealth of Common Sense ). • Your City’s Housing Boom Could Go Bust : A national decline in home prices is unlikely, but markets that have experienced outsized increases over t
Wealth Management
SEPTEMBER 23, 2022
The Federal Reserve, in tandem with several other government organizations, recently asked the industry for feedback on its new proposal for dealing with troubled loans.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
SEPTEMBER 23, 2022
An update on philanthropy legislation from Capitol Hill.
Calculated Risk
SEPTEMBER 23, 2022
Today, in the Calculated Risk Real Estate Newsletter: Why Measures of Existing Home Inventory appear Different A brief excerpt: There is a significant difference between measures of inventory, and this is leading to some confusion. Here is a graph comparing the year-over-year change in Realtor.com’s active inventory, the NAR’s inventory, and Realtor.com inventory including pending sales.
Wealth Management
SEPTEMBER 23, 2022
From personnel updates—Pontera gets a CMO—to a one-page plan from startup Elements, it was a busy week in advisor tech.
Calculated Risk
SEPTEMBER 23, 2022
From Black Knight: Black Knight: Mortgage Delinquencies Near Record Low in August; Foreclosure Starts Up 15% from July, Still More Than 40% Below Pre-Pandemic Levels • The national delinquency rate fell 3.6% in August to 2.79% , just 4 basis points above May 2022’s record low • Improvement was broad-based, with the number of borrowers a single payment past due falling by 4% and those 90 or more days delinquent down 4.5% • After dropping steadily over recent months, cure activity also improved in
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
SEPTEMBER 23, 2022
Industry leaders at the DeVoe & Co. M&A+ Succession Summit discuss the importance of seeing beyond valuations to successfully seal a deal and fuel inorganic growth.
Calculated Risk
SEPTEMBER 23, 2022
Notes: The expansion to the Panama Canal was completed in 2016 (As I noted a few years ago ), and some of the traffic that used the ports of Los Angeles and Long Beach is probably going through the canal. This might be impacting TEUs on the West Coast. Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic.
Wealth Management
SEPTEMBER 23, 2022
Here’s how to apply for some of the most popular digital nomad visas around the world.
A Wealth of Common Sense
SEPTEMBER 23, 2022
Earlier this week I posted a chart showing how volatile the stock market has been this year: Things have gotten even more volatile since then. This post prompted the following response from someone on Twitter experiencing their first bear market: Yes, there is precedent for this. These are all of the bear markets since World War II: If anything, it’s surprising the current iteration isn’t down more.
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
SEPTEMBER 23, 2022
Schwab Advisor Services' Lisa Salvi offers insights into the human capital and professional management approaches driving the growth of the industry’s top firms.
Abnormal Returns
SEPTEMBER 23, 2022
The biz Are the days of the blockbuster podcast long gone? (vulture.com) Frederick Geischen talks with Patrick O'Shaughnessy about building Colossus into a self-perpetuating learning machine. (manual.withcompound.com) Spotify ($SPOT) is going to start offering audiobooks on the platform. (theverge.com) Business Nilay Patel talks supply chains with Flexport CEO Ryan Petersen.
Wealth Management
SEPTEMBER 23, 2022
JPMorgan plays to hire about 1,300 advisors in its wealth management division in the next three years.
Calculated Risk
SEPTEMBER 23, 2022
From BofA: On net, August data on housing starts and existing home sales boosted our tracking estimate for residential investment modestly. After rounding, however, our 3Q US GDP tracking remained unchanged at 0.8% qoq saar. [September 23rd estimate] emphasis added From Goldman: We left our Q3 GDP tracking estimate unchanged at +1.2% (qoq ar). [September 21st estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third qu
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
SEPTEMBER 23, 2022
Founder and CEO Aaron Klein provides his take on the biggest news to hit advisor technology in the previous month.
The Reformed Broker
SEPTEMBER 23, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Joy Wiltermuth, and Downtown Josh Brown discuss Future Proof, the housing landscape, Jay Powell and the Fed, the yield curve, recession fears, and much more! This episode was recorded in front of a live audience at MarketWatch’s Best New Ideas in Money Festival on 9/22/22.
Wealth Management
SEPTEMBER 23, 2022
Industry leaders at the DeVoe & Co. M&A+ Succession Summit discuss the importance of seeing beyond valuations to successfully seal a deal and fuel inorganic growth.
Million Dollar Round Table (MDRT)
SEPTEMBER 23, 2022
By Bryce Sanders In my opinion, all your clients should be forever clients. I understand some people do not think that way. When they are starting out (and new to the business) they claim, “I will take anyone.” As they become successful and their practice moves upmarket into the high-net-worth space, they drop their “little clients” who were with them from the beginning.
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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
SEPTEMBER 23, 2022
Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue.
XY Planning Network
SEPTEMBER 23, 2022
10 MIN READ. Every year at #XYPNLIVE we have a one-of-a-kind Exhibit Day. What makes it so special? We're not interested in wasting your time—that's why we've done the research and invited only those who are most relevant to your practice. Re:inventing your practice with the help of the best partners available just got easier. Exhibit Day provides attendees with an entire day dedicated to connecting with representatives from top companies in our industry, and it's one of the most action-packed d
Clever Girl Finance
SEPTEMBER 23, 2022
Living debt free in today’s world can sound like a tough proposition. From student loans to credit cards to car notes, the opportunities to take on debt are endless. But if you’re committed to a debt free lifestyle, it’s certainly possible with the right mindset and a solid strategy. Let’s check out the good and bad of debt free living, then dive into some tips for making it happen and living a debt free life!
Validea
SEPTEMBER 23, 2022
Worried about a possible global recession, “super bearish” fund managers are swiftly exiting equities and taking refuge in cash, reports an article in CityWireUSA that cites the latest Bank of America Global Fund Manager Survey. The survey shows managers who are growing more and more concerned about a recession, and have increased cash allocations from 5.7% to 6.1%.
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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?
Clever Girl Finance
SEPTEMBER 23, 2022
With so many messages bombarding us from every direction, it can be tough to stick to our goals. But when you can focus your mind on the things that matter most, it makes all the difference. That’s why money affirmations that work fast can be so powerful. Money affirmations that you repeat to yourself on a regular basis can help you to make better financial decisions.
Validea
SEPTEMBER 23, 2022
In a dismal forecast, founder of Bridgewater Associates Ray Dalio wrote that interest rates will need to rise into the 4.5% to 6% range in order to truly combat inflation, which will drag private sector credit growth, spending and the entire economy down. He made the prediction in a LinkedIn piece that is cited in a Bloomberg article. Even just increasing rates to 4.5% would result in equity prices plummeting 20%, Dalio said.
Mullooly Asset Management
SEPTEMBER 23, 2022
The state of the economy continues to make headlines here in 2022. So in this week’s podcast, Tom, Brendan and Casey discuss what is actually happening in the economy. They share their thoughts on the latest moves by the Federal Reserve and breakdown what they are seeing with interest rates, stock market earnings, housing and […] The state of the economy continues to make headlines here in 2022.
Validea
SEPTEMBER 23, 2022
Two ETFs that will track the trades of members of Congress are in the works, reports an article in Bloomberg. According to a regulatory filing on September 15 th , both the Unusual Whales Subversive Democratic Trading ETF and the Unusual Whales Subversive Republican Trading ETF would use the financial disclosures of Congresspeople from their respective parties to build portfolios of 500 to 600 holdings.
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