Calculated Risk
JANUARY 26, 2023
The DOL reported : In the week ending January 21, the advance figure for seasonally adjusted initial claims was 186,000 , a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 190,000 to 192,000. The 4-week moving average was 197,500, a decrease of 9,250 from the previous week's revised average.
The Big Picture
JANUARY 26, 2023
I am genuinely excited about a new presentation I have been working on since the holidays: How to Avoid Financial Disasters. My career in finance has coincided with an amazing string of disasters, ranging from the analyst scandal, IPO spinning, and accounting restatements, to say nothing of Enron, Bernie Madoff, and FTX. The TL:DR version: there are three big problems that HNW and UHNW investors that lead to a devastating loss of capital: 1.
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Wealth Management
JANUARY 26, 2023
Very few people survive the so-called “widow maker” heart attack. Fortunately, advisor Robert Steinberg has lived to tell the tale, and the experience has changed his life.
The Big Picture
JANUARY 26, 2023
My morning train WFH reads: • ChatGPT is everything you wanted Bitcoin to be : ChatGPT was introduced a few months ago and has already spread like wildfire in a way that Bitcoin never has, despite the latter’s explosive rise into the public consciousness as a way to gamble and speculate. OpenAI’s ChatGPT has instantly found use cases, most notably at the high school and college level as children begin to experiment with it as a way to help them complete (or cheat on) their assignments. ( Reforme
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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
Wealth Management
JANUARY 26, 2023
Appraisal business is down, as investment sales activity and refinancing deals have declined. Now, appraisers must rely on supplemental data to make value assessments.
Calculated Risk
JANUARY 26, 2023
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales at 616,000 Annual Rate in December; Previous 3 Months Revised Down Sharply Brief excerpt: The next graph shows the months of supply by stage of construction. “Months of supply” is inventory at each stage, divided by the sales rate. There are 1.4 months of completed supply (red line).
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JANUARY 26, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays for December. The consensus is for a 0.2% increase in personal income, and for a 0.1% decrease in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 5.0% YoY, and core PCE prices up 4.4% YoY. • At 10:00 AM, Pending Home Sales Index for December.
Wealth Management
JANUARY 26, 2023
The regulator cited the “extraordinary cooperation” of Securities America, Royal Alliance and SagePoint as the reason for no penalties beyond restitution.
Calculated Risk
JANUARY 26, 2023
From the BEA: Gross Domestic Product, Fourth Quarter 2022 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022 , according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent. The increase in real GDP reflected increases in private inventory investment, consumer spending, federal government spending, state and local government spending, and nonresidenti
Wealth Management
JANUARY 26, 2023
Raymond James ended the quarter with advisor headcount of 8,699, up 235 year-over-year and 18 sequentially.
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.
The Reformed Broker
JANUARY 26, 2023
Final Trades: Qualcomm, Chevron, Carlyle Group & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Wealth Management
JANUARY 26, 2023
Adding factor exposures to traditional portfolios can significantly reduce tail risk while also enhancing efficiency.
Calculated Risk
JANUARY 26, 2023
The Census Bureau reports New Home Sales in December were at a seasonally adjusted annual rate (SAAR) of 616 thousand. The previous three months were revised down sharply. Sales of new single‐family houses in December 2022 were at a seasonally adjusted annual rate of 616,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Wealth Management
JANUARY 26, 2023
The new investment, which is expected to close March 1, will have the same structure, terms and fees as the university’s initial stake in Blackstone Real Estate Income Trust, according to a statement Wednesday. Those terms include a six-year lock up of the money, with Blackstone contributing $125 million to support a minimum 11.25% annual return.
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.
Nerd's Eye View
JANUARY 26, 2023
For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business. However, at a certain point, initial business growth goals will have been met, leaving the business owner at a crossroads of deciding where to take the business next – should they maintain the firm’s current size or continue the growth trajectory and adapt to the firm’s growing needs to bring on more clients?
Wealth Management
JANUARY 26, 2023
Jason Diamond provides a quick yet thorough education on the continually evolving independent space answering the questions that many advisor-clients ask during due diligence.
Calculated Risk
JANUARY 26, 2023
Note: The first two graphs - Investment Contributions and Residential Investment as a percent of GDP - are useful in predicting Fed induced recessions. RI as a percent of GDP usually turns down well in advance of a recession. This is something I'm watching. Earlier from the BEA: Gross Domestic Product, Fourth Quarter 2022 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022 , according to the "advance" estimate released by
Wealth Management
JANUARY 26, 2023
These funds saw the most activity over the past 30 days.
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.
A Wealth of Common Sense
JANUARY 26, 2023
A reader asks: I’ve heard you say quite a few times that “trees don’t grow to the sky”, and you’re usually talking a particular company or Bitcoin or maybe ARK, etc. But could the same be true for the stock market in general, i.e., does it hit a point where it simply can’t grow anymore. After all, money and dollar are scarce and limited. If everyone hypothetically invests, we can’t all become millionaires, r.
Wealth Management
JANUARY 26, 2023
Individual penalties range from a few thousand dollars to more than $1 million.
Advisor Perspectives
JANUARY 26, 2023
Special needs trusts and ABLE accounts are the pillars of special needs funding. I have a professional here to discuss the differences between them and how each can be used to maximize financial resources. This includes protecting government benefits, understanding eligibility requirements, guidelines for use, and funding options. The discussion will explain how you can best support families to provide quality of life and a lifetime of care.
Wealth Management
JANUARY 26, 2023
It’s best for your clients to be candid about what they are (or aren’t) bequeathing to their adult children.
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Good Financial Cents
JANUARY 26, 2023
Early retirement has become a popular financial goal. And well it should be. Even if you never retire early, just knowing that you can is liberating! And it may just be the strategy that frees you up to take on even bigger challenges in life. That can happen when you reach the point where you no longer have to work for a living. Can You Really Retire at 50?
Wealth Management
JANUARY 26, 2023
NMHC reports that higher interest rates have started to impact multifamily fundamentals. Mike Lafitte is leaving his post as global group president of CBRE’s client care business and CEO of Trammell Crow, reports CoStar News. These are among today’s must reads from around the commercial real estate industry.
Validea
JANUARY 26, 2023
With the recent release of the Netflix documentary “Madoff: The Monster of Wall Street,” many of us have been learning more of the details behind the scandal. This week, are are joined by Andrew Cohen, who participated in the documentary and was both a trader on the legitimate side of Madoff’s business and a victim of the Ponzi scheme.
Wealth Management
JANUARY 26, 2023
‘Unpredictable’ stocks make design of fund impossible, AI says.
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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?
MarketWatch
JANUARY 26, 2023
Ailing home-goods retail chain Bed Bath & Beyond Inc. BBBY on Thursday said it had appointed Carol Flaton as a director of its board. The company said in a filing that she qualifies as an independent director. The decision took hold on Jan. 24. She will receive compensation equal to $30,000 per month. Bed Bath & Beyond did not immediately respond to a request for more information.
Wealth Management
JANUARY 26, 2023
Sanctioned Russians may be trying to evade detection by investing in projects that are less likely to draw public or media attention, eschewing luxury for more modest real estate projects, which could include investments ranging from offices to apartment buildings, according to the FinCEN alert.
Nationwide Financial
JANUARY 26, 2023
Key Takeaways: 2023 could be a really good year to fund a Roth account because of low tax rates and changes to how the standard deduction, tax brackets, and retirement account contribution limits are adjusted for inflation. There are potential drawbacks to funding a Roth account over a traditional pre-tax IRA or qualified retirement account; contributions to Roth accounts are made on an after-tax basis, so it’s important to consider what tax rate you’re paying on this contribution now.
Wealth Management
JANUARY 26, 2023
After its SEC settlement, the securities firm points the finger at its own employees.
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