Calculated Risk
SEPTEMBER 16, 2022
The recession callers were back in the first half of 2022, and some like ARK's Cathie Wood and Home Depot's Ken Langone claimed the US was already in a recession. I disagreed and noted I wasn't even on recession watch! We did see negative real GDP growth in Q1 and in Q2 - but that didn't mean the US economy was in a recession (and this has never been the definition of a US recession).
The Big Picture
SEPTEMBER 14, 2022
The First Totally Honest Stock Market Story. FRIDAY’S MARKETS. By Vinnie Foster Wynans III. Staff Reporter of The Wall Street Journal. The market rallied early this morning for reasons nobody understands and nobody predicted. CNBC analysts confidently asserted it had something to do with the Senegalese money supply but others pointed to revised monthly figures showing a poor tuna haul off the Peruvian coast.
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Wealth Management
SEPTEMBER 16, 2022
Although the next gen may be a long way from having a vote, give them a voice.
The Reformed Broker
SEPTEMBER 16, 2022
Thank you all for coming and for all the amazing feedback for the event we threw this week. It was a long time in the making and such a whirlwind. I am still recovering and resting up. I will have more to say soon, but for now here are some great shots of Future proof 2022. The post Pics from Future Proof Festival 2022 appeared first on The Reformed Broker.
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.
Calculated Risk
SEPTEMBER 15, 2022
From Matthew Graham at MortgageNewsDaily: Boring Day For Rates, But Not "Good" Boring The mortgage market is no stranger to excitement in 2022. Unfortunately, it hasn't been the good kind of excitement. That's especially true of the past few weeks as rates pushed back up to long term highs. After yesterday's upside surprise in the Consumer Price Index (a key inflation report that frequently causes volatility in markets), rates surged up to match the highest levels in 14 years.
The Big Picture
SEPTEMBER 16, 2022
Earlier this month, we discussed the idea of Electrifying Classic Cars. I spoke to several people and decided to work with a shop in Austin, Texas. After reviewing the process, costs, and timeline, I put down a deposit. Note there is a one-year waiting list before your spot in the queue comes up for work to even begin. Step 2: Decide on a model and date range to convert.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
SEPTEMBER 16, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with a report from Future Proof, dubbed the “world’s largest wealth festival”, held this week on(!) Huntington Beach, California. In addition to being held outdoors, the event stood out from ‘standard’ industry conferences in other ways, from the wide scope of its content to the diverse makeup of its attendees.
Calculated Risk
SEPTEMBER 12, 2022
These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of September 11th.
The Big Picture
SEPTEMBER 12, 2022
The Steve Jobs Archive is now up and running. I have been playing about it a bit, there is a lot to explore. The post Steve Jobs Archive appeared first on The Big Picture.
Wealth Management
SEPTEMBER 16, 2022
Traditional strongholds of wealth, such as New York and Los Angeles, are losing a segment of their HNWIs to other cities across the country and abroad.
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Nerd's Eye View
SEPTEMBER 14, 2022
When it comes to helping clients clarify their most important financial planning goals and priorities, many advisors may find it difficult to facilitate the insightful conversations necessary to guide clients through an exploration of these values. Clients may be tempted to postpone having such intimately personal discussions, and advisors may not be certain how to frame the discussion so that it is both productive and comfortable for the client.
Calculated Risk
SEPTEMBER 16, 2022
The DOL reported : In the week ending September 10, the advance figure for seasonally adjusted initial claims was 213,000 , a decrease of 5,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 222,000 to 218,000. The 4-week moving average was 224,000, a decrease of 8,000 from the previous week's revised average.
The Big Picture
SEPTEMBER 12, 2022
?. The transcript from this week’s, MiB: Kristen Bitterly Michell, Citi Global Wealth , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.
Wealth Management
SEPTEMBER 12, 2022
Stich, the former chief operating officer of NaviPlan, will join as Chief Revenue Officer; Velugula, former tech executive at UBS and AQR, will head up technology for the new custodian.
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.
Nerd's Eye View
SEPTEMBER 12, 2022
For many financial advisors, choosing their profession was based on a genuine desire to help others achieve their financial goals. Yet, while these advisors recognize the importance of business development to grow their firms, they are also very often intimidated by the process of adopting sales techniques to convert leads to clients. It can feel stressful at best and disingenuous at worst.
Calculated Risk
SEPTEMBER 14, 2022
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 9, 2022. This week’s results include an adjustment for the observance of Labor Day.
The Big Picture
SEPTEMBER 10, 2022
This week, we speak with Kristen Bitterly Michell, Head of North American Investments for Citi Global Wealth, which manages $800 billion in client assets. Previously, she was Head of Structured Solutions at Citi. Prior to joining Citi, she led structured product sales to Latin American investors at Credit Suisse and provided structured derivative solutions to private investor clients at JPMorgan.
Wealth Management
SEPTEMBER 15, 2022
The last half-decade was not good to these funds.
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.
Nerd's Eye View
SEPTEMBER 13, 2022
Welcome back to the 298th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Carolyn Armitage. Carolyn is the President of Thrivent Advisor Network, an RIA platform that offers partnership and affiliate models for financial advisors and oversees $6.5 billion in assets managed by over 20 affiliated independent advisor businesses.
Calculated Risk
SEPTEMBER 13, 2022
The BLS reported this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 8.7 percent over the last 12 months to an index level of 291.629 (1982-84=100). For the month, the index declined 0.2 percent prior to seasonal adjustment. CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA).
The Big Picture
SEPTEMBER 16, 2022
?. My segment begins about the ~50-minute mark. We discuss everything from EVs to Inflation to Roe v Wade, to companies that behaved poorly during the pandemic. The post Stand Up with Pete appeared first on The Big Picture.
Wealth Management
SEPTEMBER 14, 2022
While the sector faces some unique challenges, including a shortage of power and competition for owners from their own tenants, its performance continues to be solid.
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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
SEPTEMBER 12, 2022
Top clicks this week What to read instead of "Rich Dad, Poor Dad" or "The Millionaire Next Door." (impersonalfinances.com) The performance of major asset classes in August 2022. (capitalspectator.com) There are two kinds of happiness. Choose wisely. (humbledollar.com) Jason Zweig, "We need to realize, though, that when we look back at the past, we don’t recapture it; we reconstitute it.
Calculated Risk
SEPTEMBER 12, 2022
Today, in the Real Estate Newsletter: Mortgage Equity Withdrawal Still Strong in Q2 Excerpt: Here is the quarterly increase in mortgage debt from the Federal Reserve’s Financial Accounts of the United States - Z.1 (sometimes called the Flow of Funds report) released on Friday. In the mid ‘00s, there was a large increase in mortgage debt associated with the housing bubble.
The Big Picture
SEPTEMBER 13, 2022
The post Futureproof Recap: Days 1 & 2 appeared first on The Big Picture.
Wealth Management
SEPTEMBER 12, 2022
The Russia-Ukraine War has taken a toll on the European data center industry, reports Bisnow. Climate change could threaten $34 billion in coastal U.S. real estate, according to a new study. These are among today’s must reads from around the commercial real estate industry.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
The Reformed Broker
SEPTEMBER 16, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Brian Belski, and Downtown Josh Brown discuss market volatility, adjusting to a higher risk-free rate, investment banking, the state of wealth management, hiring top advisors, and much more! This episode was recorded in front of a live audience at Future Proof on 9/13/22.
Calculated Risk
SEPTEMBER 13, 2022
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 0.7% in August. The 16% trimmed-mean Consumer Price Index increased 0.6% in August. "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".
Abnormal Returns
SEPTEMBER 14, 2022
Housing Downsizing in retirement is not without its challenges. (nytimes.com) It's hard to own a second home without a reliable 'guy' to take care of stuff. (marketwatch.com) The many downsides of owning a vacation home. (wsj.com) Rates If you are earning 0% on your bank deposits, it's time to look around for a better deal. (compoundadvisors.com) What you need to understand about muni bond pricing.
Wealth Management
SEPTEMBER 16, 2022
SLK Private Wealth brings a team of 13 to Sanctuary’s newest Southern California location.
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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