Thu.Nov 10, 2022

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Biggest Mistakes Made by UHNW Investors

The Big Picture

This MoneyShow episode is now out from behind the paywall. Previously : Biggest Mistakes of UHNW Investors (October 25, 2021). The post Biggest Mistakes Made by UHNW Investors appeared first on The Big Picture.

Taxes 271
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Stocks Market Biggest Gains in More Than Two Years, Bond Yields Crash

Mish Talk

Never before have we seen so much excitement over 7.7 percent inflation when the Fed's target is 2.0 percent. The following charts courtesy of StockCharts.Com tell the story. S&P 500 +5.54 Percent. Nasdaq 100 Index +7.49 Percent. ARKK +14.52 Percent. Kathie Wood's Ark fund rallied a whopping 14.52 percent. However those shares are so beat up the rally barely registers.

Marketing 181
Insiders

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Thursday links: investment and entertainment

Abnormal Returns

Markets Are tech stocks finally cheap? (economist.com) Energy stocks have gone from cheap to expensive in 2022. (morningstar.com) Strategy Why the concept of yield trips up so many investors. (fortunesandfrictions.com) What lessons are investors going to take away from 2022? (blog.validea.com) FTX Felix Salmon, "The collapse of FTX is the most consequential failure the crypto world has seen since Mt.

Investing 130
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Clips From Today’s Halftime Report

The Reformed Broker

Tesla removed from Wedbush’s Best Ideas List from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Realtor.com Reports Weekly Active Inventory Up 42% Year-over-year; New Listings Down 20%

Calculated Risk

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 Nov 5, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, increasing 42% above one year ago.

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More Trending

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MBA: "Mortgage Delinquencies Decrease to New Survey Low in the Third Quarter of 2022"

Calculated Risk

From the MBA: Mortgage Delinquencies Decrease to New Survey Low in the Third Quarter of 2022 The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.45 percent of all loans outstanding at the end of the third quarter of 2022, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

Numbers 142
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The Compound and Friends: The Day Inflation Broke

The Irrelevant Investor

Today’s Compound and Friends is brought to you by Masterworks: See here for important disclosures* On today’s show we discuss: The S&P hasn’t made this many daily U-turns since 2008 Market reaction to Octobers CPI print Earnings moving forward What future CPI prints may have in store for us Sector rotation Listen here: Warren Pies: Warrens Twitter 3Fourtneen Research Twitter 3Fourtneen Researc.

Marketing 123
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BLS: CPI increased 0.4% in October; Core CPI increased 0.3%

Calculated Risk

From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment. The index for shelter contributed over half of the monthly all items increase , with the indexes for gasoline and food also increasing.

Food 141
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18 Questions For Financial Advisors Your Website Should Address

Advisor Websites

Landing clients as a financial advisor is no easy feat in today’s world. Self-serve platforms and robo-advisors are growing rapidly , lu ring potential customers away. Meanwhile, the number of registered investment advisors (RIAs) continues to increase while the percentage of Americans who work with an advisor has begun to decline.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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How Should You Choose Your Asset Allocation?

A Wealth of Common Sense

Following up on last week’s question about when to change your asset allocation, a reader asks a logical follow-up: For the average investor who is looking to do a mix of stocks/bonds, should they use some simple heuristic for bond allocation, such as bond% = 10 x interest rate, up to a max of 50%? If not, how would they know when to shift that relative allocation?

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Consumer Price Index: October Headline at 7.75%, Smallest YoY Increase Since Jan 2020

Advisor Perspectives

The Bureau of Labor Statistics released the October Consumer Price Index data last week. The year-over-year non-seasonally adjusted Headline CPI came in at 7.75%, down from 8.20% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 6.28%, down from 6.63% the previous month.

Food 97
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Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.4% in October

Calculated Risk

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.5% in October. The 16% trimmed-mean Consumer Price Index increased 0.4% in October. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".

Food 97
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CI Financial to File for U.S. Wealth IPO This Month

Wealth Management

The upcoming offering will allow CI to split its Canadian and U.S. businesses and help pay down $3 billion in debt. Ultimately, however, the markets will determine the IPO date, the firm says.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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Weekly Unemployment Claims: Up 7K, Worse Than Forecast

Advisor Perspectives

This morning's seasonally adjusted 225K new claims, up 7k from the previous week's revised figure, was worse than the Investing.com forecast of 220K.

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Mindy Diamond On Independence: How a $440M Merrill Team Got Their Mojo Back in Independence

Wealth Management

Self-described “homegrown Merrill” advisors Chad Goodchild and Jacob Schlicht share the drivers behind their choice to leave Merrill to launch independent firm Kickstand Wealth Advisors.

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Weekly Initial Unemployment Claims increase to 225,000

Calculated Risk

The DOL reported : In the week ending November 5, the advance figure for seasonally adjusted initial claims was 225,000 , an increase of 7,000 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 250 from the previous week's revised average.

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Recognize and Catch the Drift

Wealth Management

Professional investors are disciplined about monitoring and managing their risks daily. They adjust portfolios to manage risk as positions, cash and markets change. Managing risk properly is critical to ensuring that portfolios stay on course to achieve client goals.

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Transforming Lending: Understanding the Power of Digital Platforms

Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

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Good and bad advice on cybersecurity audits

Norman Marks

It happens so often, its almost not worth my time writing about it. Grant Thornton, like the other external audit firms, provides internal audit services as well. To promote them, they offer advice on matters such as how to perform audits of an organization’s cybersecurity measures and practices. This week, they published It’s time to […].

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Tech-Enabled RIA Savvy Wealth Raises $11M From Venture Capitalists

Wealth Management

It represents one recent example of venture capital’s bet on the human side of wealth management.

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3 Celebrity Estate Planning Slipups Clients Can Learn From

eMoney Advisor

“It has been a long six years,” Prince’s lawyer L. Londell McMillan said in a 2022 hearing. That occasion marked an agreement with the IRS on a $156 million value on Prince’s real estate and recordings for the artist who died in April 2016—without a will. 1. What can we learn from celebrity estate planning disasters like this? It turns out, plenty.

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Mindy Diamond On Independence: How a $440mm Merrill Team Got Their Mojo Back in Independence

Wealth Management

Self-described “homegrown Merrill” advisors Chad Goodchild and Jacob Schlicht share the drivers behind their choice to leave Merrill to launch independent firm Kickstand Wealth Advisors.

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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The Role of the Secular Decline in Interest Rates in Asset Pricing Anomalies

Alpha Architect

Jules van Binsbergen, Liang Ma and Michael Schwert, authors of the September 2022 study “The Factor Multiverse: The Role of Interest Rates in Factor Discovery,” posed an interesting question: Are the findings of at least some of the reported anomalies the direct result of the 40-year secular decline in global interest rates and thus not really anomalies?

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Six Factors That Trap Advisors in Indecision Mode

Wealth Management

With The Clash ringing in their heads, advisors often get stuck when trying to answer the proverbial question: “Should I stay or should I go?

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Cycle Watch | November 2022: Higher rates hold down growth

Nationwide Financial

With inflation still above 8%, the Federal Reserve raised its benchmark interest rate another 75 basis points in November – its sixth consecutive hike this year. That’s pushed the average 30-year mortgage rate to 7% for the first time in two decades. The housing market is feeling the burden of the Fed’s efforts to fight inflation. With another interest rate announcement expected in December, the housing market will likely face more difficulty in the months ahead.

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Eight Must Reads for the CRE Industry Today (Nov. 11, 2022)

Wealth Management

Investors in distressed real estate are hoping they’ll get another chance amid rising interest rates and mounting debt, reports The Real Deal. GlobeSt.com looks at whether tech companies are still seen as desirable tenants. These are among today’s must reads from around the commercial real estate industry.

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The Blueprint for a Customer-Centric Digital Lending Experience

Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.

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October 2022: Market Valuation, Inflation and Treasury Yields

Advisor Perspectives

Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns.

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Target Bets on Bigger Stores to Fulfill More Online Orders

Wealth Management

Target’s new store in Katy, Texas, covers almost 150,000 sq. ft., compared with the company average of about 130,000. The backroom space devoted to handling online orders for same-day pickup is five times as large as at stores of a similar size.

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Helping veterans and military with financial planning

Nationwide Financial

Key Takeaways: Veteran and military clients are in the unique position to receive various benefits from the U.S. Department of Veterans Affairs aimed at making education, healthcare, life insurance, mortgages, and retirement more accessible for those who have served. Helping your clients navigate these opportunities can be challenging, but the VA. gov Home | Veterans Affairs offers many resources and tools to work through when considering VA benefits.