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Financial advisory clients are routinely concerned about lurking threats to their hard-earned wealth in the form of a large unforeseen judgment on a liability claim. While asset protection is a popular planning topic for High-Net-Worth (HNW) and ultra-high-net-worth clients, those who are not HNW are susceptible to the same threats to wealth. However, while some protection options come with a high cost (that might not be practical for non-HNW clients), asset protection can come in many forms, so
The BEA released their estimate of vehicle sales for August today. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the August 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
In 2016, I wrote about the novelist and screenwriter William Goldman, and his delightful book, “ Adventures in the Screen Trade.” He is the Academy award-winning scriptwriter who penned such classics as “Butch Cassidy and the Sundance Kid” (1969), “All the President’s Men” (1976), “Marathon Man” (1974), and the cult-favorite “The Princess Bride (1973).
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.
Strategy It's hard to overstate the impact of the big tech stocks on the U.S. stock market of late. (theirrelevantinvestor.com) Big tech stocks have their own valuation experience. (wisdomtree.com) Big Tech has messed with factor investors. (advisorperspectives.com) Finance Blackstone ($BX) was early on the AI trend. (institutionalinvestor.com) Should you buy what Softbank is selling, i.e.
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier.
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier.
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC this week issued a risk alert outlining how it selects firms to examine, the areas it focuses on during exams, and how it chooses which firm documents to request, details that could ultimately help firms be better prepared for their next exam and make it a shorter, less painful process!
Strategy Gold is ultimately a bet on global chaos. (morningstar.com) What investors get wrong about the 'Yale Model.' (capitalallocators.com) How much should a fund manager hold in their own strategy? (awealthofcommonsense.com) Retailing Why retail workers are quitting in record numbers. (bloomberg.com) Which helps explain the sorry state of stores.
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Single Family Rent Trends at AMH and Invitation Homes A brief excerpt: This article from housing economist Tom Lawler reviews some of the data included in my article last week Asking Rents Down 1.2% Year-over-year and adds some additional data from AMH and Invitation Homes. Below is a table showing single-family rent trends at AMH (formerly American Homes 4 Rent) and Invitation Homes, two large institutional investors in SF rental hom
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.
Welcome to the September 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 WiserAdvisor, one of the longest-running lead generation services in the industry, has acquired IndyFin, a startup advisor rating platform that had aspired to be the 'Yelp for Advisors' – whi
Rates How an inverted yield curve affects stock and bond market returns. (mrzepczynski.blogspot.com) Utility stocks are battling higher fixed income yields. (wsj.com) High real yields are hurting the Federal budget deficit. (axios.com) Strategy Dollar-cost averaging makes downturns less painful. (awealthofcommonsense.com) On the mismatch between our investment horizons and our actual behavior.
From CoreLogic: CoreLogic: Home Equity Increases From Winter to Spring, Reducing Underwater Properties in Q2 CoreLogic®. today released the Homeowner Equity Report (HER) for the second 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 1.7% year over year, representing a collective loss of $287.6 billion, and an average loss of $8,300 per borrower since the second quarter of 2022.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
A recent McKinsey report surveying growth in the wealth management industry predicted that the struggles of small RIA firms would increase as larger firms continue to grow and overshadow the industry. again. Although the messaging that smaller RIAs must scale to survive has been offered many times before over the past few decades, many smaller lifestyle firms and solo RIA practices have thrived in their preference to stay small.
Top clicks this week How (and where) to hold cash in your portfolio. (morningstar.com) Do you need commodities in your portfolio? (humbledollar.com) Why are mortgage rates so high? (awealthofcommonsense.com) Google ($GOOGL) has dominated seemingly forever. The cracks are showing. (theverge.com) The story of a portfolio manager holding onto Credit Suisse stock too long.
Also, GMO’s Nebo passes $1B in platform assets a year after launching, Finology Software’s website is now live and Focus Financial Partners is UPTIQ’s newest client.
The Federal Reserve released the Q2 2023 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $154.3 trillion during the second quarter of 2023. The value of directly and indirectly held corporate equities increased $2.6 trillion and the value of real estate increased $2.5 trillion. Household debt increased 2.7 percent at an annual rate in the second quarter of 2023.
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.
Welcome back to the 349th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Olivia Luper. Olivia is the Founder of Lexicon Advisor Marketing, a virtual outsourced digital marketing company that specializes in working with financial advisors to generate a steady flow of prospects. What's unique about Olivia, though, is how she started out as a ghostwriter creating content for financial advisors and their blogs, but saw first-hand that great content alone doesn't ge
Rates Higher starting rates make bonds more attractive. (morningstar.com) How investors should think about their bond allocations. (awealthofcommonsense.com) Bonds aren't boring any more. (quietwealth.com) Equities Small value stocks are even cheaper than normal. (blog.validea.com) China's stock market is cheap, but is it investable? (wsj.com) Money management Wealth management is a growth business.
The DOL reported : In the week ending September 2, the advance figure for seasonally adjusted initial claims was 216,000 , a decrease of 13,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 228,000 to 229,000. The 4-week moving average was 229,250, a decrease of 8,500 from the previous week's revised average.
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.
This week, we speak with Jonathan Miller, founder and CEO of Miller Samuel , a real estate appraisal & consulting firm founded in 1986. His weekly Housing Notes is widely read among the real estate community of appraisers and agents. We discuss the state of both commercial and residential real estate across the country, the environment for mortgage rates, New York City housing, and his favorite penthouse apartments.
Podcasts Khe Hy talks building long term wealth with Adam Katz. (podcasts.apple.com) Eric Newcomer talks with Rey Flemings, the CEO of the YC-backed startup Myria which serves the ultra-wealthy. (newcomer.co) Morgan Housel talks about the lifecycle of greed and fear. (open.spotify.com) Justin Peters talks with Jesse Cramer about the importance of getting a raise, especially early in your career.
RIAs using the platform will be able to create white-label fund strategies including on private credit, equity, real estate, venture capital and infrastructure investments for high-net-worth and ultra-high-net-worth clients.
From BofA: Overall, the data flow since our last report pushed our 3Q US GDP tracking up four-tenths to 3.1% q/q saar and 2Q up two-tenths to 2.5%. Next week, August CPI, retail sales, PPI, import and export prices, industrial production and monthly budget statement will affect our GDP tracking [Sept 8th estimate] emphasis added From Goldman: July goods exports were stronger than our previous assumption, and we boosted our Q3 GDP tracking estimate by 0.2pp to +3.1% (qoq ar).
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
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Nick Colas, and Downtown Josh Brown discuss Q2 earnings, Moore’s law, interest rates, the future of the automotive market, Steve Cohen, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere els.
Research A closer look at the investment factor. (alphaarchitect.com) Does investment skill transfer across asset classes? (papers.ssrn.com) How fee salience helped drive down mutual fund fees. (papers.ssrn.com) Why bond momentum has been largely ignored. (optimalmomentum.com) Are corporate bond yields correlated with ESG scores? (blogs.cfainstitute.org) An excerpt from "Age of Prediction, Algorithms, AI, and the Shifting Shadows of Risk" by Igor Tulchinsky and Christopher E.
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Sabrina Speianu and Danielle Hale: Weekly Housing Trends View — Data Week Ending Sep 2, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 5.2%. This past week marked the 11th consecutive decline in the number of homes actively for sale compared to the prior year, however the gap narrowed slightly compared to the previous week’s -5.9% figure.
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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