Calculated Risk
SEPTEMBER 7, 2022
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 2, 2022. The Refinance Index decreased 1 percent from the previous week and was 83 percent lower than the same week one year ago.
Wealth Management
SEPTEMBER 7, 2022
Rising labor and materials costs coupled with more expensive debt due to rising interest rates are combining to cut into yields on multifamily development projects.
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The Big Picture
SEPTEMBER 7, 2022
?. The transcript from this week’s, MiB: Lynn Martin, President of the NYSE , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: I’m Barry Ritholtz.
Wealth Management
SEPTEMBER 7, 2022
The actress did not have a will, leaving a heavy burden on her 20-year old son Homer.
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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 7, 2022
My mid-week morning train WFH reads: • Interest Rates vs. Inflation The average yields savers earned in the 1980s were higher than inflation, including education, healthcare and housing prices. Average yields remained above healing CPI numbers throughout the 1990s and 2000s. ( A Wealth of Common Sense ) see also Your guide to ‘good news is bad news’ and ‘bad news is good news’ High inflation has made for unusual times. ( TKer ). • The Obscure Economist Silicon Valley Bi
Wealth Management
SEPTEMBER 7, 2022
Here’s why we should be so optimistic.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
SEPTEMBER 7, 2022
HUB International acquired Direct Advisors, a $600 million retirement plan consultant and third-party administrator in Latham, N.Y.
Nerd's Eye View
SEPTEMBER 7, 2022
Tax-loss harvesting – i.e., selling investments at a loss to capture a tax deduction while re-investing the proceeds to maintain market exposure – is a popular strategy for financial advisors to increase their clients’ after-tax investment returns. For many, however, tax-loss harvesting remains somewhat more of an art than a science: Because the value of harvesting losses is so dependent on an individual’s own tax situation, there is no single strategy that can be impleme
Wealth Management
SEPTEMBER 7, 2022
Court finds that trustee failed to carry out contractual obligations.
Calculated Risk
SEPTEMBER 7, 2022
Fed's Beige Book "This report was prepared at the Federal Reserve Bank of San Francisco based on information collected on or before August 29, 2022." Economic activity was unchanged , on balance, since early July, with five Districts reporting slight to modest growth in activity and five others reporting slight to modest softening. Most Districts reported steady consumer spending as households continued to trade down and to shift spending away from discretionary goods and toward food and other e
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 7, 2022
Echelon Partners delves into wealth management M&A with industry experts at its 10th Deals and Dealmakers Summit.
Calculated Risk
SEPTEMBER 7, 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 $70.6 billion in July , down $10.2 billion from $80.9 billion in June, revised. July exports were $259.3 billion, $0.5 billion more than June exports. July imports were $329.9 billion, $9.7 billion less than June imports. emphasis added Click on graph for larger image.
Wealth Management
SEPTEMBER 7, 2022
Active listening is a powerful tool advisors can use to gain insight into how to communicate with clients and effectively coach them toward intentional action.
Calculated Risk
SEPTEMBER 7, 2022
Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: "Total market leverage was just 42% of mortgaged homes’ values, the lowest on record" A brief excerpt: Most homeowners have a significant amount of equity and will not be “underwater” if house prices decline. This is an important difference compared to the housing bubble when many millions of borrowers had little or no equity even before house prices declined.
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 7, 2022
No tax deduction when trustee can choose between distributing income to charity or surviving spouse.
Calculated Risk
SEPTEMBER 7, 2022
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Are “National” Home Prices Already Falling? Excerpt: A short but important note from housing economist Tom Lawler. However, some recent home price reports actually suggest that “national” home prices may already have started to decline , and they certainly show that home prices in some areas of the country have already begun to fall.
Wealth Management
SEPTEMBER 7, 2022
$120 million acquisition adds to Mercer’s home base in Denver.
Good Financial Cents
SEPTEMBER 7, 2022
While investing for the long haul is the best way to build long-term wealth, there are situations where what you really need is the ability to earn money within a day or a few hours. Maybe you need to fill up your gas tank so you can get to work, or perhaps you have bills that need to be paid before your next check comes in. Either way, it’s easy to stress over making ends meet when your bank balance is teetering dangerously close to $0.
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 7, 2022
Open, honest and candid discussions about the latest news in the RPA industry.
The Irrelevant Investor
SEPTEMBER 7, 2022
One of these things is not like the others. A 60/40 portfolio just experienced the worst eight-month stretch to start a year going back to the inception of the Barclay’s aggregate bond index in 1976. One year ago the 10-year rate was 1.32%. It’s 3.35% today. The last time it experienced a 12-month increase that large was in January 2000!
Wealth Management
SEPTEMBER 7, 2022
“Laptop landlords” are increasingly looking at Raleigh, N.C., reports Axios. Urban Land Magazine looks at how the current economic environment is affecting multifamily investors. These are among today’s must reads from around the commercial real estate industry.
A Wealth of Common Sense
SEPTEMBER 7, 2022
I’ve been watching The Offer on Paramount Plus recently. It tells the story of the making of The Godfather, arguably one of the best films of all-time, and how it almost never made it to the big screen. There was an unproven director (Francis Ford Coppola), a one-hit-wonder writer (Mario Puzo), an unproven producer (Al Ruddy) and an eccentric movie executive (Robert Evans).
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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 7, 2022
The proposed $1.4b billion acquisition was to be the centerpiece of CEO Ralph Hamers' plans to broaden the focus of UBS beyond its traditional customer base.
Pragmatic Capitalism
SEPTEMBER 7, 2022
I joined Dr. Daniel Crosby on the Standard Deviations podcast for a wide ranging discussion about portfolio management and navigating the conspiracy theories of the financial markets. This one’s short [ … ].
Wealth Management
SEPTEMBER 7, 2022
The 990-T form involved in the incident is used by both tax-exempt groups and individuals with some retirement accounts invested in certain assets, including master limited partnerships and real-estate investment trusts.
Abnormal Returns
SEPTEMBER 7, 2022
Markets Sharply higher rates define the markets of 2022. (theirrelevantinvestor.com) 1980s saw high inflation AND high interest rates. (awealthofcommonsense.com) By this measure the U.S. stock market is notably undervalued. (morningstar.com) Strategy Studying successful people is fine, but beware 'hero worship.' (neckar.substack.com) Don't look for investment secrets in David Rubenstein’s “How to Invest: Masters on the Craft.
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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
SEPTEMBER 7, 2022
Demand for space in the skyscraper and across Dubai is surging as the emirate attracts more wealth and expats due to its nimble response to the pandemic and relatively easy access to visas.
The Irrelevant Investor
SEPTEMBER 7, 2022
Today’s Animal Spirits is brought to you by Masterworks: See here to learn more about investing in contemporary art. On today’s show we discuss: The Minneapolis Fed President is happy to see the stock markets reaction after Jackson Hole ‘Prepare for an epic finale’ warns Jeremy Grantham The market is in a super bubble according to Jeremy Grantham The Irrelevant Investor on Grantham The bottom 50% of Am.
Wealth Management
SEPTEMBER 7, 2022
Swelled by direct indexers, the passive stake is double estimates.
Alpha Architect
SEPTEMBER 7, 2022
Investments aligned with environmental, social, and governance (ESG) principles are rapidly growing globally. In the exchange traded fund (ETF) industry, this gives rise to the power of ESG rating firms that have the influence to direct capital flows into ETFs tracking the indexes. This article examines the issues of substantial ESG rating divergence across rating firms, the impact on investors’ choices, and the influence on the ETF industry.
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