Calculated Risk

DECEMBER 27, 2024

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. How much will wages increase in 2025? My sense is nominal wages will increase close to mid-to-high 3% range YoY in 2025 according to the CES. How about housing starts and new home sales in 2025? year-over-year as of November.

Economics 147

Economics Sales Retirement Investing 147

Wealth Management

NOVEMBER 26, 2024

Morningstar published its 2025 investment outlook for financial advisors. These are among the investment must reads we found this week for wealth advisors. Morgan Stanley has looked to add employees of startup companies as wealth management clients in anticipation of future IPOs, reports Inc.

Investments 290

Investments Investing Wealth Advisor Startup 290

Wealth Management

MARCH 18, 2025

These are among the investment must reads we found this week for wealth advisors. Morningstar profiled the 15 funds that have lost the most value for shareholders over the past decade. Recent market volatility has perked new interest among investors and advisors in buffer ETFs.

Wealth Advisor 289

Wealth Advisor Investments Investing Marketing 289

Wealth Management

APRIL 1, 2025

These are among the investment must reads we found this week for wealth advisors. In his annual investors letter, BlackRock CEO Larry Fink focused on the growing trend of offering private markets access to the wealth channel. Morningstar took a hard look at some of the new access points for private credit.

Wealth Advisor 253

Wealth Advisor Investments Investing Marketing 253

Calculated Risk

FEBRUARY 23, 2025

Here is an update to a graph that uses new home sales, single family housing starts and residential investment. (I Note that Residential Investment is quarterly and single-family starts and new home sales are monthly. The dashed line is the January 2025 seasonally adjusted annual sales rate (SAAR).

Sales 309

Sales Investments Investing Economy 309

Wealth Management

JANUARY 14, 2025

These are among the investment must reads we found this week for wealth advisors. Morningstar looks at whether investor portfolios should be flipped to 40/60 as bonds become more attractive. Allianz has rolled out two fund of funds that focus on buffer ETFs, reports etf.com.

Wealth Advisor 277

Wealth Advisor Investments Investing Portfolio 277

Dear Mr. Market

APRIL 2, 2025

Market: This is perhaps one of our favorite articles and times of the year; not necessarily because of basketball but rather it allows us the opprtunity to articulate our main investment themes we see playing out for the remainder of the year. Who will be this years champion? Lets break it down ( click here to see the full bracket).

Investments 78

Investments Investing Valuation Advertising 78

Calculated Risk

JANUARY 22, 2025

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. This index usually leads CRE investment by 9 to 12 months, so this index suggests a slowdown in CRE investment in 2025. for the month as the share of firms reporting a decline in firm billings increased.

Clients 270

Clients Investments Investing Numbers 270

Wealth Management

JANUARY 28, 2025

These are among the investment must reads we found this week for wealth advisors. Ray Dalio warned that the runup in values of AI-tied firms is a reminder of dotcom bubble excesses, reports the Financial Times. Single-stock ETFs magnified some of the losses in markets amid the DeepSeek fallout, according to etf.com.

Wealth Advisor 266

Wealth Advisor Investments Investing Marketing 266

Wealth Management

MARCH 4, 2025

These are among the investment must reads we found this week for wealth advisors. Morningstar analyzed the mechanics of State Street and Apollos new private credit ETF. BlackRock has added its Bitcoin ETF to some of its model portfolios.

Wealth Advisor 263

Wealth Advisor Investments Investing Portfolio 263

The Big Picture

APRIL 15, 2025

I discussed much of this in my Q2 2025 RWM client quarterly call on April 5. On the corporate side, companies hold off on big CapEx spending, building new plants, investments, and hiring. Before 2025 ends, a mild recession begins. I am sharing this now because so many questions have poured in.

Economics 316

Economics Economy Communication Marketing 316

Wealth Management

DECEMBER 17, 2024

Wirehouses are exploring how to combine direct indexing, manager-traded separate accounts and alternative investments into unified managed account platforms, reports FundFire. BlackRock and Franklin Templeton each published private market outlooks for 2025.

Investments 259

Investments Investing Wealth Advisor Accounting 259

The Big Picture

FEBRUARY 18, 2025

We are four weeks out from the publication of “ How Not To Invest: The ideas, numbers, and behaviors that destroy wealth – and how to avoid them.” ” Audio, ebook, and hard copies are all scheduled to drop on the same day, March 18, 2025. The result: Bad investment outcomes that should not have occurred.

Investing 189

Investing Investments Numbers 189

Wealth Management

APRIL 22, 2025

These are among the investment must reads we found this week for financial advisors. In addition, there are currently over 70 crypto ETF applications in the pipeline as asset managers seek to take advantage of a friendlier regulatory regime.

Investments 214

Investments Investing Financial Advisor Assets 214

The Big Picture

JANUARY 2, 2025

In “ How Not To Invest ” (coming March 18!) This is especially true for those made by analysts who are not working to provide you with good investing advice but rather are hoping to drum up business for secondaries and IPOs. . ” It’s a blunt observation about our inability to forsee the future.

Banking 345

Banking Planning Economics Investing 345

Nerd's Eye View

JANUARY 20, 2025

Luckily, alongside the increasing popularity of podcasts on a seemingly infinite range of topics, there is a growing ecosystem of podcasts aimed at financial advisors, covering everything from practice management and career development to technical topics, such as investment, tax, and estate planning.

Financial Advisor 246

Financial Advisor Financial Advice Financial Planner Estate Planning 246

Nerd's Eye View

JANUARY 6, 2025

Welcome to the January 2025 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!

Startup 188

Startup Financial Advisor Clients Portfolio Management 188

The Big Picture

APRIL 16, 2025

I try to help the hosts understand investing in this environment with lessons and ideas from How NOT to Invest. We discuss the “uniquely unpredictable situation” where markets are trading based on the whims of a single person. This mercurial unpredictability is having a huge effect on prices.

Economics 179

Economics Economy Investing Investments 179

Wealth Management

OCTOBER 16, 2024

New UMA capabilities, personalized indexing, automated tax-loss harvesting and CTO Services announced for 2025 by Commonwealth.

Management 274

Management Investments Investing Taxes 274

Nerd's Eye View

MARCH 3, 2025

Welcome to the March 2025 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!

Estate Planning 173

Estate Planning Portfolio Management Communication Planning 173

Calculated Risk

APRIL 7, 2025

This graph uses new home sales, single family housing starts and residential investment. (I Note that Residential Investment is quarterly and single-family starts and new home sales are monthly. he dashed line is the March 2025 seasonally adjusted annual sales rate (SAAR) of 403 thousand. from 459 thousand SAAR in February 2025.

Sales 241

Sales Economy Economics Investing 241

Dear Mr. Market

DECEMBER 31, 2024

Write Down Your 10 Financial Goals for 2025! For 2025, the IRS has increased contribution limitsdont miss out. Review Investment Allocations Markets evolve, and so should your portfolio. Remember: investing isnt about timing the market, its about time in the market. Happy Planning and best to you in 2025!

Budgeting 105

Budgeting Financial Planning Estate Planning Planning 105

Wealth Management

APRIL 15, 2025

Charles Schwab announced that Schwab Alternative Investments Select, for retail clients with more than $5 million in household assets. These are among the investment must reads we found this week for financial advisors.

Investments 165

Investments Investing Financial Advisor Retail 165

Calculated Risk

MARCH 21, 2025

Here is my outlook at the start of 2025: How much will Residential investment change in 2025? How about housing starts and new home sales in 2025? What will happen with house prices in 2025? Will inventory increase further in 2025?

Sales 162

Sales Investing Investments Marketing 162

The Big Picture

MARCH 10, 2025

David Nadig, “ Rabbithole ” March 7, 2025 I had fun chatting with Dave Nadig about philosophy, behavior, and investing ( video after the jump). Question : “ Barry, your book How Not to Invest dissects numerous financial misconceptions. But let’s set aside markets and investing strategies entirely.

Investing 195

Investing Investments Food Ethics 195

Wealth Management

FEBRUARY 18, 2025

After 19 consecutive weeks of positive inflows, Bitcoin investment products saw net outflows last week. These are among the investment must reads we found this week for wealth advisors.

Investments 179

Investments Investing Wealth Advisor 179

The Big Picture

MARCH 3, 2025

.” ~~~ Kahneman’s themes — humility, acknowledging how little we actually know about today, (and even less about tomorrow), striving to understand reality, and recognizing our own inherent shortfalls — are prime drivers of How NOT to Invest. If these ideas interest you, then please check it out. _

Economics 308

Economics Assets Clients Investing 308

Investment Writing

APRIL 15, 2025

Investment commentary authors often know the markets well, but lack writing and editing expertise. Ive learned some lessons about how to edit investment commentary that I share below with you. Instability in the Middle East will continue, and heres how it affects our investing. 30, 2022, and April 8, 2025.

Investments 59

Investments Investing Clients Communication 59

Wealth Management

APRIL 1, 2025

After a huge success launching its inagural PSN Mid-Year Outlook in 2024, Zephyr's PSN Outlook for 2025 aims to bring the platforms capabilities to light, offering a deeper understanding of how SMAs bring a competitive advantage investors.

Investments 204

Investments Investing 204

Wealth Management

FEBRUARY 25, 2025

These are among the investment must reads we found this week for wealth advisors. Morningstar profiled the top 15 value-creating stocks of the past decade. Several asset managers made announcements pushing distribution into the wealth channel.

Wealth Advisor 165

Wealth Advisor Investments Investing Distribution 165

Abnormal Returns

DECEMBER 25, 2024

theretirementmanifesto.com) What's changing for retirement in 2025. morningstar.com) Investing Three easy ways to simplify your portfolio. morningstar.com) Boring is always appropriate when it comes to investing resolutions. etf.com) More people, mostly men, are seeking help with compulsive gambling in the stock market.

Financial Advice 144

Financial Advice Retirement Taxes Insurance 144

Nerd's Eye View

APRIL 7, 2025

Welcome to the April 2025 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!

Tax Planning 130

Tax Planning Taxes Planning Clients 130

Abnormal Returns

JANUARY 5, 2025

(noahpinion.blog) The proposed Strive Bitcoin Bond ETF will invest in the debt of companies buying Bitcoin. etf.com) 2025 is setting up to be a consequential year for the Vanguard Group. humbledollar.com) Whether you have an advisor or not, a financial checklist for 2025. riabiz.com) Portfolio simplicity keeps paying off.

Portfolio 167

Portfolio Investing Investments 167

Calculated Risk

MARCH 7, 2025

[Mar 6th estimate] And from the Atlanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.4 percent on March 6, up from -2.8 percent on March 3. percent and 2.5 percent, respectively, to 0.4 percent and 4.8 percentage points to -3.84 percentage points.

Economics 179

Economics Management Investing Investments 179

MainStreet Financial Planning

JANUARY 10, 2025

As we enter 2025, its the perfect moment to take stock of your financial journey and map out your path for the year ahead. Here are six actionable tips to help you kickstart your financial journey in 2025. 2025 is a year full of opportunities to take control of your finances and build a strong foundation for the future.

Budgeting 86

Budgeting Planning Retirement Financial Planning 86

Wealth Management

JULY 18, 2024

Alternative asset investment behemoth Blackstone also teased two new funds aimed at wealth clients will launch in 2025.

Assets 298

Assets Clients Investments Investing 298

Calculated Risk

FEBRUARY 14, 2025

We lowered our Q4 past quarter tracking estimate by 0.1pp to +2.1% [Feb 14th estimate] And from the Atlanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is 2.3 percent on February 14, down from 2.9 percent on February 7. percent and 6.2 percent, respectively, to 2.3

Retail 162

Retail Sales Investments Investing 162