Wealth Management
JUNE 7, 2023
The Wells Fargo Sports and Entertainment Program will enable advisors to brandish the Sports & Entertainment Accredited Wealth Management Advisor (SE-AWMA) designation, created by the College For Financial Planning.
Calculated Risk
JUNE 8, 2023
From CoreLogic: CoreLogic: US Home Borrowers See First Annual Home Equity Losses Since 2012 in Q1 2023, but Overall Mortgage Performance Remains Strong CoreLogic®. today released the Homeowner Equity Report (HER) for the first quarter of 2023. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease by 0.7% year over year, representing a collective loss of $108.4 billion, and an average loss of $5,400 per borrower since the f
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The Big Picture
JUNE 3, 2023
This week, we speak with entrepreneur Ramit Sethi, who is the founder and chief executive officer of the online education platform I Will Teach You to Be Rich (IWT ), which attracts more than 1 million readers a month. Sethi is also the host of the Netflix series “ How To Get Rich ,” which is based on his New York Times bestselling book “ I Will Teach You to Be Rich “; he also hosts a podcast of the same name.
The Reformed Broker
JUNE 5, 2023
On this special episode of Live from The Compound, Scott Patterson, Financial Journalist and Wall Street Journal Reporter, joins Michael Batnick and Josh Brown to discuss Scott’s new book, Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis. Follow Scott on: Twitter Book. The post Black Swans, Stock Market Crashes and the Chaos Kings appeared first on The Reformed Broker.
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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.
Wealth Management
JUNE 8, 2023
Treasury Secretary Yellen expressed her concerns about the effect that commercial real estate loans might have on banks. Forbes listed 71 real estate firms among the 2,000 largest public companies in the world. These are among the must reads from around the real estate investment world heading into the weekend.
Calculated Risk
JUNE 8, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending June 3rd, 2023 • ctive inventory growth slowed again, with for-sale homes up just 13% above one year ago. The number of homes for sale continues to grow, but compared to one year ago, the pace is slowing.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
JUNE 8, 2023
Markets The S&P 500 is top-heavy because profits are top-heavy. (bloomberg.com) Stop blaming individual investors for sentiment swings. (klementoninvesting.substack.com) Strategy Are international stocks worth the bother? (morningstar.com) If the SEC is cracking down, why bother with crypto at this point? (vox.com) Apple It may not look like it now, but the Vision Pro is the future.
Wealth Management
JUNE 9, 2023
The SEC's new risk alert reiterates that the commission is "not kidding" about marketing rule violations, according to the head of one vendor.
Calculated Risk
JUNE 5, 2023
Altos reports that active single-family inventory was up 0.7% week-over-week. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of June 2nd, inventory was at 436 thousand (7-day average), compared to 433 thousand the prior week. Year-to-date, inventory is down 11.1%. And inventory is up 7.6% from the seasonal bottom seven weeks ago.
Nerd's Eye View
JUNE 7, 2023
All Investment Adviser Representatives (IAR) of registered investment advisory firms are required to file Form U4, a regulatory filing containing public disclosures of certain information about financial professionals. And while IARs are responsible for keeping their own Form U4 up-to-date, Form U4 – unlike other regulatory forms like Form ADV that require an annual amendment – doesn’t need to be amended unless there is a change warranting an update, which can often lead to an
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
Abnormal Returns
JUNE 7, 2023
Markets A deluge of T-bills is coming. (wsj.com) Why merger arbitrage is become more difficult in this environment. (finance.yahoo.com) Strategy Is this a new bull market? Does it matter? (awealthofcommonsense.com) Arguments about 'recessions' don't really matter to investors. (disciplinefunds.com) Work Are headsets, like the Vision Pro, the future of remote work?
Wealth Management
JUNE 5, 2023
What the Franklin Templeton-Putnam Investments deal means for advisors and the DC industry.
Calculated Risk
JUNE 6, 2023
Notes: This CoreLogic House Price Index report is for April. The recent Case-Shiller index release was for March. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Home Price Growth Continues Annual Single-Digit Slowdown in April CoreLogic®. today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for April 2023.
Nerd's Eye View
JUNE 6, 2023
Welcome back to the 336th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Adam Holt. Adam is a principal with RubinGoldman and Associates, and the Founder and CEO of Asset-Map, a financial planning tool that helps financial advisors create a visual representation of their clients’ financial situation, reaching over 1.25 million users.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
Abnormal Returns
JUNE 7, 2023
Podcasts Barry Ritholtz talks with Ramit Sethi about living a 'rich life' and his new Netflix how 'How to Get Rich.' (ritholtz.com) Jon Luskin talks with Mike Piper about his new book "More than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need." (bogleheads.podbean.com) Benefits How to apply for Social Security benefits.
Wealth Management
JUNE 6, 2023
A drop in demand for industrial space amid massive new product deliveries portends a potential glut of new product. Coupled with higher interest rates and worries about a recession, it’s forcing investors to rethink their acquisition strategies.
Calculated Risk
JUNE 8, 2023
The Federal Reserve released the Q1 2023 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $148.8 trillion during the first quarter of 2023. The value of directly and indirectly held corporate equities increased $2.4 trillion and the value of real estate decreased $0.6 trillion. Household debt increased 2.2 percent at an annual rate in the first quarter of 2023.
Nerd's Eye View
JUNE 5, 2023
Welcome to the June 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Riskalyze has completed its previously-announced rebranding, and will now be known as “Nitrogen”, a ”growth platform” for advisory firms – which represents less of a shift
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Abnormal Returns
JUNE 6, 2023
Correlations Stocks and bonds don't always move in opposite directions. (econofact.org) Although used interchangeably, hedging and diversification are two different things. (insights.finominal.com) Research Kai Wu, "While Quality seeks firms that are profitable today, Intangible Value seeks those investing in profitability tomorrow." (sparklinecapital.com) Is there a premium for 'sin stocks'?
Wealth Management
JUNE 6, 2023
Wealth and health are the major determining factors regarding retirement spending.
Calculated Risk
JUNE 8, 2023
Today, in the Real Estate Newsletter: The "Home ATM" was Closed in Q1 Excerpt: For Q1 2023, the Net Equity Extraction was minus $30 billion, or -0.60% of Disposable Personal Income (DPI). This is down significantly year-over-year and the first negative reading since Q1 2020. There is a seasonal pattern to MEW, and Q1 is usually the weakest quarter, so it is possible we will see positive MEW this summer.
Nerd's Eye View
JUNE 9, 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the House has passed legislation that would expand the definition of who qualifies as an accredited investor eligible to invest in certain private investments to include those who pass an exam designed by the SEC, and those with certain licenses or educational backgrounds, including financial advisors.
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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
Abnormal Returns
JUNE 5, 2023
Crypto The SEC is suing Binance and its founder 'CZ.' (theblock.co) What's in the SEC Binance suit. (theverge.com) AI IBM ($IBM) should be a player in AI. The stock market is skeptical. (barrons.com) AI has put a charge back into the tech industry. (washingtonpost.com) Finance What happens when you merge two traditional asset managers who are experiencing outflows?
Wealth Management
JUNE 5, 2023
The deal may be the largest acquisition of a CPA firm by an RIA, and brings 600 new employees and $2.5 billion in client assets to Creative Planning. It will be the foundation for a business-focused service division within the firm.
Calculated Risk
JUNE 5, 2023
Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: Home Prices Increased Month-to-month in April; Prices Unchanged YoY A brief excerpt: Note: The Black Knight House Price Index (HPI) is a repeat sales index. Black Knight reports the median price change of the repeat sales. Here is a graph of the Black Knight HPI. The index is still up 1.0% year-over-year and will likely turn negative YoY soon. • April’s 0.46% seasonally adjusted rise was down from March’s revise
The Reformed Broker
JUNE 9, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jill Schlesinger, and Downtown Josh Brown discuss whether or not the bear market is over, the chances of Jamie Dimon running for president, Apple’s WWDC product unveil, the accredited investor rule, Artificial Intelligence, the state of the economy, and much more!
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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
Abnormal Returns
JUNE 4, 2023
Top clicks this week Some words of wisdom from the late Sam Zell. (novelinvestor.com) What lessons are new pandemic-era investors going to learn? (awealthofcommonsense.com) Why the idea of market timing is so seductive. (humbledollar.com) Tactical allocation funds have failed miserably. (morningstar.com) How does the stock market perform after a period of sideways action?
Wealth Management
JUNE 5, 2023
Dynasty’s former COO will join as president of Advisor Group RIA Solutions after leaving the former firm he co-founded in 2010.
Calculated Risk
JUNE 8, 2023
The DOL reported : In the week ending June 3, the advance figure for seasonally adjusted initial claims was 261,000 , an increase of 28,000 from the previous week's revised level. This is the highest level for initial claims since October 30, 2021 when it was 264,000. The previous week's level was revised up by 1,000 from 232,000 to 233,000. The 4-week moving average was 237,250, an increase of 7,500 from the previous week's revised average.
The Reformed Broker
JUNE 4, 2023
We had Cathie Wood on The Compound and Friends this week! Michael, Duncan and I popped up in the Tampa / St. Petersburg area this week and got to spend some time with the founder of ARK Invest. We talked innovation, AI fact vs fiction, how big Tesla can get, why Ark bought Nvidia in 2014, Zoom vs Google Meet vs Microsoft Teams, and much more! Watch or listen to the episode below.
Speaker: Cheryl J. Muldrew-McMurtry
Remote finance teams are rewriting how the back-office runs—and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats have become more than just “growing pains”. They’re now liabilities. The challenge isn’t just team distribution, but building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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