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Market Commentary: Dow Hits 40,000 As Inflation Numbers Improve

Carson Wealth

April inflation data confirmed there is no need to panic about the first-quarter numbers. Broad commodity prices are not surging like they did in 2022 (oil prices have fallen close to 10% since early April), which means a commodity-driven supply shock is not in the cards for now. That’s similar to the pace of 2019.

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Adviser links: client confidence

Abnormal Returns

standarddeviationspod.com) Peter Lazaroff talks with Dasarte Yarnway about the importance of diversity in financial services and how to increase it. riabiz.com) The number of CFPs grew some 5% in 2022. (fa-mag.com) Podcasts Daniel Crosby talks with Tom Howard about behavioral finance vs. behavioral investing.

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How Are Financial Advisors Getting New Clients in 2022?

FMG

According to the AARP, 45% of middle-aged Americans would rather visit the dentist than make an appointment with a financial advisor. Most people distrust financial services as an industry. Prospects don’t know how to choose a “good” financial advisor. Why is that? Some decisions can cause contention.

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FARE helps Black financial professionals thrive

Nationwide Financial

To advance actionable solutions and contribute to lasting change, Nationwide partnered in September 2020 with leading financial services organizations, associations and historically Black colleges and universities (HBCUs ) to form The Financial Alliance for Racial Equity℠, or FARE.

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Weekly Market Insight – July 11, 2022

Cornerstone Financial Advisory

Employers added 372,000 jobs in June, a number that was above economists’ estimates of 250,000. Source: Econoday, July 8, 2022 The Econoday economic calendar lists upcoming U.S. Bancorp (USB), The PNC Financial Services Group, Inc. Source: Zacks, July 8, 2022 Companies mentioned are for informational purposes only.

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Weekly Market Insight – October 10, 2022

Cornerstone Financial Advisory

In a sign of cooling, the number of open jobs in August fell 10%, while a subsequent report from Automated Data Processing (ADP) showed continued labor market strength. Source: Econoday, October 7, 2022. C), Morgan Stanley (MS), The PNC Financial Services Group, Inc. Source: Zacks, October 7, 2022. from a year ago.

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3 Key Advisor Metrics for Service Breakthroughs (From Lead Generation to Retention)

eMoney Advisor

The average NPS score for financial services firms is 44, down from 46 in 2022. A narrower 2022 snapshot study into high-net-worth investors’ opinions of their advisors yielded an average NPS of 47.7. There isn’t a true one-size-fits-all number for how many referrals you should expect per advisory client.

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