Calculated Risk

SEPTEMBER 9, 2022

The Federal Reserve released the Q2 2022 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits fell to $143.8 trillion during the second quarter of 2022. The value of directly and indirectly held corporate equities decreased $7.7 trillion and the value of real estate increased $1.4 trillion. Household debt increased 7.4 percent at an annual rate in the second quarter of 2022.

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Nonprofit Assets Accounting 363

Wealth Management

SEPTEMBER 8, 2022

Overall, nearly 40 new ETFs came to the market in the past month.

Marketing 342

Marketing Marketing 342

The Big Picture

SEPTEMBER 6, 2022

So, it was just Labor Day Weekend, and while we all should be out NOT laboring, I spent part of the long holiday weekend thinking about a few of my favorite FRED charts. Rather than include all of my favorites, I set a challenge for myself: Limit the list to the three most telling charts: U3 Unemployment Rate : When has unemployment been lower than today?

Economy 331

Economy Insurance Marketing Marketing 331

The Reformed Broker

SEPTEMBER 4, 2022

Happy Labor Day Weekend! We did some amazing stuff on the blogs and podcasts this week. Volatile markets really bring the best out in our writers. Hope you’ve been checking out Ben’s blog, Nick’s blog, Animal Spirits, Portfolio Rescue and all the rest this summer. I think we’re balancing a dose of realism about the current situation with plenty of constructive commentary and some optimism about the.

Portfolio 258

Portfolio Marketing Marketing 258

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Clients

Calculated Risk

SEPTEMBER 6, 2022

Notes: This CoreLogic House Price Index report is for July. The recent Case-Shiller index release was for June. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: US Year-Over-Year Home Price Growth Dips Again in July as Higher Mortgage Rates Cool Demand CoreLogic®. today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for July 2022.

Marketing 362

Marketing Marketing 362

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.

Investing 321

Investing Investments 321

Abnormal Returns

SEPTEMBER 7, 2022

Retirement Dror Poleg, "Telling people you're retired gives you a legitimate, socially-acceptable identity. Saying you're unemployed doesn't." (drorpoleg.com) Jim, "Early retirement shouldn’t just be defined as a solution for those who dislike their jobs." (routetoretire.com) Mortgages Higher mortgage rates no longer make paying off a mortgage early a no-brainer.

Retirement 246

Retirement Financial Planning Assets Investing 246

Calculated Risk

SEPTEMBER 9, 2022

The DOL reported : In the week ending September 3, the advance figure for seasonally adjusted initial claims was 222,000 , a decrease of 6,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 232,000 to 228,000. The 4-week moving average was 233,000, a decrease of 7,500 from the previous week's revised average.

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Wealth Management

SEPTEMBER 9, 2022

The era of aggressive outlier bids for grocery-anchored shopping centers is over as capital costs rise, say the sector’s players.

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The Big Picture

SEPTEMBER 8, 2022

Barry Ritholtz, Ritholtz Wealth Management Chairman & CIO and “Masters in Business” Bloomberg Radio & Podcast Host, discusses global shocks impacting market volatility (Source: Bloomberg). Hard for an Individual to Beat the Collective. Source: Bloomberg. The post Tough to Beat the Market appeared first on The Big Picture.

Wealth Management 306

Wealth Management Marketing Marketing Management 306

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.

Management

Nerd's Eye View

SEPTEMBER 6, 2022

Welcome back to the 297th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Andy Panko. Andy is the owner of Tenon Financial, a virtual independent RIA that oversees $70 million in assets under management for 43 retired client households. What's unique about Andy, though, is how, shortly after launching his practice, he created a Facebook group so that he could share his expertise directly with the types of clients he wanted to serve… which unexpectedly beca

Tax Planning 246

Tax Planning Financial Advisor Retirement Clients 246

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.

Economy 353

Economy Economics Marketing Marketing 353

Wealth Management

SEPTEMBER 9, 2022

If you’re looking to make friends in your business, get tactical.

Clients 312

Clients 312

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.

Communication 306

Communication Marketing Marketing Engineering 306

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.

Numbers

Nerd's Eye View

SEPTEMBER 9, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that as Millennials grow their wealth, they could be increasingly turning to financial advisors for guidance. But amid competition from large asset managers and broker-dealers, advisors can consider how they can shape their service offerings and fee structures to attract Millennials and build client relationships that could last for decades to come.

Financial Planner 246

Financial Planner Retirement Planning Financial Advisor Education 246

Calculated Risk

SEPTEMBER 5, 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 4th.

Economy 351

Economy Transportation Numbers Sales 351

Wealth Management

SEPTEMBER 9, 2022

The eighth-annual event featured 105 awards presented to 84 companies and individuals from a pool of 225 finalists.

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The Big Picture

SEPTEMBER 3, 2022

The weekend is here! Pour yourself a mug of Bean Box coffee, grab a seat on the beach, and get ready for our longer-form weekend reads: • Americans are terrible at taking vacations. Why are U.S. workers so bad at taking time off? U.S. companies are stingy with vacation time when compared with other countries. But U.S. workers can’t seem to leave work at work anyway. ( Grid ). • In Seattle, It’s Almost Normal : The pandemic may have left some gaps in the urban fabric, but a neighborhood-by-neigh

Budgeting 306

Budgeting Government Management Marketing 306

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.

Accounting

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

Taxes 246

Taxes Clients Tax Planning Financial Advisor 246

Calculated Risk

SEPTEMBER 9, 2022

The FDIC released the Quarterly Banking Profile for Q2 2022 this morning: Quarterly net income totaled $64.4 billion in second quarter 2022 , a reduction of $6.0 billion (8.5 percent) from the same quarter a year ago. Loans and leases that are 30-89 days past due (past-due loan balances) increased from the year-ago quarter (up $11.4 billion, or 25.0 percent).

Banking 349

Banking Insurance Numbers Assets 349

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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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

Healthcare 304

Healthcare Education Numbers Marketing 304

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Accounting

Abnormal Returns

SEPTEMBER 5, 2022

Podcasts Michael Kitces talks with Ed Coambs who is the founder of Healthy Love & Money, a financial therapy practice. (kitces.com) Eric Balchunas and Joel Weber talk with Patrick O'Shaughnessy about the case for custom indexing. (bloomberg.com) Daniel Crosby talks "all duration investing" with Cullen Roche who is the Founder and Chief Investment Officer of Discipline Funds.

Wealth Management 245

Wealth Management Communication Retirement Management 245

Calculated Risk

SEPTEMBER 5, 2022

Inventory decreased slightly last week. Still, inventory decreased less than in 2019 at this time of year. Here are the same week inventory changes for the last four years: 2022: -2.2K 2021: +6.2K 2020: -7.6K 2019: -6.5K Inventory bottomed seasonally at the beginning of March 2022 and is now up 129% since then. More than double! Altos reports inventory is up 26.3% year-over-year.

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Wealth Management

SEPTEMBER 7, 2022

Here’s why we should be so optimistic.

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The Big Picture

SEPTEMBER 9, 2022

Introduced at the 1966 Turin Motor Show, the Ghibli was styled by Giorgetto Giugiaro with Carrozzeria Ghia. Dual air vents in its hood, chrome fender vent spears, and what looks like the longest bonnet ever made created a unique design for this Maserati V8 grand tourer. American magazine Sports Car International named it number 9 on its list of Top Sports Cars of the 1960s.

Manufacturing 299

Manufacturing Numbers Sales 299

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Sales

Nerd's Eye View

SEPTEMBER 5, 2022

Welcome to the September 2022 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 VRGL (pronounced “Virgil”) has raised a $15M Series A round to scale up its tool that can scan investment account statements and automatically extract the available information about th

Financial Advisor 241

Financial Advisor Estate Planning Accounting Taxes 241

Calculated Risk

SEPTEMBER 9, 2022

From Manheim Consulting today: Wholesale Used-Vehicle Prices Decline Substantially in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4.0% in August from July. The Manheim Used Vehicle Value Index declined to 210.8 but is up 8.4% from a year ago. The non-adjusted price change in August was a decline of 2.6% compared to July, leaving the unadjusted average price up 5.9% year over year. emphasis added Click on graph for larger image.

Consulting 306

Consulting Sales 306

Wealth Management

SEPTEMBER 8, 2022

The proceedings centered on investors harmed by Horizon Private Equity III, an alleged Ponzi scheme concocted by a former Oppenheimer advisor.

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The Big Picture

SEPTEMBER 5, 2022

It’s Labor Day, the unofficial end of Summer. Ease off with our special 3-day weekend reads: • Enough, Bosses Say: This Fall, It Really Is Time to Get Back to the Office* After more than two years, corporate leaders say time is up on avoiding in-person work. ( Wall Street Journal ). • A Job Market Anomaly Begins to Correct : After diverging for awhile, business and household surveys of employment are headed in the same direction again: Up. ( Bloomberg ) see also The Labor Shortage Will Get

Marketing 296

Marketing Marketing Investments Investing 296

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Management