Wed.Oct 12, 2022

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FOMC Minutes "Purposefully moving to a restrictive policy stance in the near term"

Calculated Risk

"Purposefully moving" towards a more restrictive policy. From the Fed: Minutes of the Federal Open Market Committee, September 20-21, 2022. Excerpt: In their assessment of the effects of policy actions and communications to date, participants concurred that the Committee's actions to raise expeditiously the target range for the federal funds rate demonstrated its resolve to lower inflation to 2 percent and to keep inflation expectations anchored at levels consistent with that longer-run goal.

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How One Hedge Fund Manager is Navigating REIT Volatility

Wealth Management

Harbor Group International’s David Rosenberg sees an investment opportunity thanks to a disconnect that’s developed between REIT equity prices and underlying net asset values.

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MBA: Mortgage Applications Decrease in Latest Weekly Survey; Purchase Activity 7% Below Pandemic Low

Calculated Risk

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2022. The Refinance Index decreased 2 percent from the previous week and was 86 percent lower than the same week one year ago.

Planning 316
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Andy Warhol Foundation Lawsuit Hits the Supreme Court

Wealth Management

Arguments begin this week in the high-profile case centered on photos of Prince.

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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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2nd Look at Local Housing Markets in September

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in September A brief excerpt: This is the second look at local markets in September. I’m tracking about 35 local housing markets in the US. Some of the 35 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.

Marketing 264
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Projected 2023 Inflation Adjustments Issued Ahead of IRS Release

Wealth Management

The official Revenue Procedure should come out later this month.

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More Trending

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12 Must Reads for the CRE Industry Today (Oct. 13, 2022)

Wealth Management

The manager of a Russian oligarch’s New York property was arrested for violating U.S. sanctions, reports The Real Deal. Netflix is close to a deal to develop a major production complex in New Jersey, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.

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Add Value To Client Relationships And Uncover New Goals By Asking: “What’s Possible Now?”

Nerd's Eye View

Prospective clients often approach a financial advisor because they have a problem. Perhaps they are approaching retirement and do not know whether their current path is financially sustainable, or maybe they have a complicated equity compensation problem to sort through. But after this initial problem is solved, long-term goals are discussed, and a financial plan is implemented, what comes next?

Clients 246
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SageView Advisory Group to Acquire $415M Lakeview Wealth Management

Wealth Management

Chicago-based and women-led, the former LPL affiliate will join SageView as it continues to build out its wealth management capabilities alongside retirement plans.

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Wednesday links: exposed to risk

Abnormal Returns

Strategy Sometimes your best trade is a loss. (allstarcharts.com) The all-weather portfolio has not fared well in 2022. (blog.validea.com) Companies Apple ($AAPL) is shifting more production out of China. (9to5mac.com) How Microsoft ($MSFT) could bring VR to the enterprise. (stratechery.com) A Labor Department ruling could make it easier for gig workers to get classified as employees.

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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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ETFs With the Greatest Inflows in the Past Month

Wealth Management

In a volatile market, bond ETFs were among those taking in the most money over the past month.

Marketing 279
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Boaz Weinstein: Live at Bloomberg Invest!

The Big Picture

I will be discussing “Whales, Tails & Fails” with B0az Weinstein at Bloomberg Invest at 1:00 pm. I’ll post it when the video goes live if you miss the stream. The post Boaz Weinstein: Live at Bloomberg Invest! appeared first on The Big Picture.

Investing 190
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Galvin Accuses RIA of Failing To Supervise Risky ETF Recommendations

Wealth Management

The order concerning New Harbor Financial Group's recommendation of an inverse leveraged ETF comes several months after the Commonwealth Secretary announced an investigation into b/ds distributing single-stock ETFs.

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Transcript: Michael Levy

The Big Picture

Transcript: Michael Levy. The transcript from this week’s, MiB: Michael Levy, CEO of Crow Holdings on Commercial Real Estate , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , YouTube , Bloomberg , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~.

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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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401(k) Real Talk Episode 37: October 12, 2022

Wealth Management

Open, honest and candid discussions about the latest news in the RPA industry.

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Thursday: CPI, Unemployment Claims

Calculated Risk

Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for an increase to 225 thousand from 219 thousand last week (likely impact from Hurricane Ian). • Also at 8:30 AM, The Consumer Price Index for September from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.5% increase in core CPI.

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U.S. Rent Growth Slows with Affordability Crunch Squeezing Tenants

Wealth Management

Rents rose 7.8 percent in September to a median $1,759, slowing from double-digit increases seen for more than a year, data from Realtor.com shows.

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A Look at How a Variety of Risk Management Approaches Have Worked in 2022

Validea

By Jack Forehand, CFA, CFP® ( @practicalquant ) —. For the last 40 years, managing risk for investors has been pretty easy. There have certainly been bear markets in the period, and some of them have even been severe, but the consistent negative correlation between stocks and bonds during those periods meant that bonds served as an excellent diversifier.

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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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Don’t Hesitate to Bring Up Charitable Giving in This Market

Wealth Management

Many clients still have profits in need of planning attention before Dec. 31.

Marketing 264
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What is the Story Behind Trend Following?

Alpha Architect

Trend Following is simply buying an asset when it is going up, *and,* you sell that asset when it is going down. What is the Story Behind Trend Following? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Assets 109
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FINRA Suspends Rep In First Reg BI-Related Action

Wealth Management

Charles Malico, a former broker with Network 1 Financial Securities, will also pay a $5,000 fine. The disciplinary action follows the SEC’s first violation notice issued earlier this year citing the new standard.

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Investing strategies for bear markets

Nationwide Financial

Investors now have a lot on their minds — inflation, market volatility, worries about a potential recession, etc. The possibility of a bear market for stocks adds even more stress for investors. Our latest Advisor Authority study found that only 39% of investors said their 12-month outlook was optimistic. In this article, we’ll explore what constitutes a bear market (as well as its counterpoint, the bull market), review the history of bear markets, and discuss how you can help your clients navig

Investing 105
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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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Bezos Family to Donate $711 Million to Cancer Center in Seattle

Wealth Management

Commitment over the next decade will help Fred Hutch recruit researchers and build a new facility.

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Animal Spirits: A Tough Break

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by YCharts: See here for YCharts September Fund Flow Report On today’s show we discuss: Good news is bad news 8 ways to invest with a strong dollar The awful economy Paul Volcker inherited in 1979 (AWOCS) Cathie Woods open letter to the Fed Things are getting weird in the housing market Calculated Risk on housing prices Luxury home market is the first to go Homebuil.

Economy 100
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Grayscale Brief Says SEC Unfairly Rejected Bitcoin ETF Bid

Wealth Management

The rejection over the risk of fraud and manipulation in the spot Bitcoin market is “capricious” and “discriminatory,” Grayscale wrote in a court brief.

Marketing 245
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Can the Fed fight inflation without causing a recession?

David Nelson

David joins Fox Business anchor Maria Bartiromo along with Strategic Wealth Partners CEO Mark Tepper to discuss the markets and the Fed.

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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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Global Wealth to Shrink by More Than 2% This Year, Allianz Says

Wealth Management

After three years of record gains in the value of household financial assets, 2022 is likely to result in a nominal drop of more than 2%.

Assets 130
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Product Matchmaker, Matchmaker, Make Me a Match

Covisum

When it comes to helping your clients optimize their retirement income planning strategies, sometimes you don’t know what you don’t know. With dozens of different variables, updates to tax rules and Social Security benefits, and life’s surprises, the decisions you help your clients make are more valuable than ever.

Taxes 98
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As Markets Go ‘Crazy,’ Ariel Touts Old-School Value Strategy

Wealth Management

The strategy, popularized by legendary investors Warren Buffett and Benjamin Graham, involves buying stocks whose worth might be underestimated by the market.

Marketing 130
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Risk Parity: Yeah, I'm Still Not Seeing It

Random Roger's Retirement Planning

A follow up to a follow up from my Twitter discussion with Adam Butler. When I said that I just don't see risk parity working in a fund wrapper, Adam replied "any reason why you think risk parity doesn’t work in funds? AQRIX, ABRIX etc. Managed futures are just a form of risk parity conditioned on trend." I didn't look up those two symbols right away.

Numbers 74
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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.