Calculated Risk
MAY 6, 2024
Fannie reported results for Q1 2024. Here is some information on single-family Real Estate Owned (REOs). Fannie Mae reported the number of REOs decreased to 7,791 at the end of Q1 2024, down 5% from 8,403 at the end of the previous quarter, and down 9% year-over-year from Q1 2023. For Fannie, this is down 95% from the 166,787 peak number of REOs in Q3 2010.
Wealth Management
MAY 6, 2024
While the lack or breach of trust is its kryptonite.
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Calculated Risk
MAY 6, 2024
Altos reports that active single-family inventory was up 0.6% week-over-week. Inventory is now up 13.3% from the February bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of May 3rd, inventory was at 560 thousand (7-day average), compared to 556 thousand the prior week. Inventory is still far below pre-pandemic levels.
The Big Picture
MAY 6, 2024
It’s taken me months to organize all of my research for my next book project; it’s a lot of stuff, some dating back to 2000. Much of it reflects the bad ideas and numbers, and worse advice, that float around Wall Street. A lot of it has not aged well. But every now and then, something I saved turned out to be prescient — not because it was lucky, but because it contained a well-considered insight that has stood the test of time.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Wealth Management
MAY 6, 2024
According to the settlement letter, third parties used the firm’s cash management brokerage account to withdraw funds from accounts they’d illegally accessed at other financial institutions.
Abnormal Returns
MAY 6, 2024
Podcasts Brendan Frazier talks with Emily Koochel about the difference between behavioral finance and financial psychology. (wiredplanning.com) Steve Chen talks with Jordan Hutchison, Vice President of Technology for RFG Advisory, about the evolving landscape of financial planning. (newretirement.com) Sam Parr talks with Taylor and 'Jane' about how to find a purpose when living with great wealth.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
MAY 6, 2024
Welcome to the May 2024 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 self-directed retirement planning software provider NewRetirement has raised a $20M Series A round as the company demonstrates that its DIY tools really do turn a subset of consumers into bona fide prosp
Wealth Management
MAY 6, 2024
Adam Birenbaum, currently chairman and CEO of Buckingham, will become the combined company’s new CEO.
Calculated Risk
MAY 6, 2024
From Matthew Graham at Mortgage News Daily: Everything is a Sideshow Until May 15th In a world where all hope for interest rate relief hinges on disinflation, CPI dominates all other calendar events. With nearly 10 days to go until the next release (May 15th) and very little on the econ calendar between now and then, it would be a surprise to see any new directional trends emerge. [ 30 year fixed 7.
Wealth Management
MAY 6, 2024
iCapital Multi-Asset Portfolio will give financial advisors access to funds focusing on private equity, private credit and real asset strategies.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Calculated Risk
MAY 6, 2024
From the Federal Reserve: The April 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices The April 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the first quarter of 2024.
Wealth Management
MAY 6, 2024
NFJ Investment Group's Burns McKinney on the equity sectors he likes most moving forward.
Calculated Risk
MAY 6, 2024
Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Annual home price growth eased in March Brief excerpt: Press Release: ICE Mortgage Monitor: Historically Strong Home Price Growth Pushes U.S. Mortgage Holders’ Tappable Equity to Record $11T Here is the year-over-year in house prices according to the ICE Home Price Index (HPI). The ICE HPI is a repeat sales index.
Wealth Management
MAY 6, 2024
The notice from the regulator concerns Robinhood Crypto and its cryptocurrency listings, custody of cryptocurrencies and platform operations.
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Abnormal Returns
MAY 6, 2024
Markets We are in the midst of a historic bond bear market. (awealthofcommonsense.com) The price of gold has gotten ahead of itself. (marketwatch.com) Charlie Munger Charlie Munger was constantly learning and "unlearning." (davisfunds.com) Why every investor would do well to have their own Charlie Munger. (alchemy.substack.com) Finance The 0DTE business is booming.
Wealth Management
MAY 6, 2024
The two Lincoln firms will join the broker/dealer as stand-alone entities before being converted in the coming months, according to Osaic, which is also still rolling in the Advisor Group legacy b/ds.
Alpha Architect
MAY 6, 2024
How do female appointments to top management teams (TMTs) affect a firm's approach to knowledge-related strategic renewal? What Changes after Women Enter Top Management Teams? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
MAY 6, 2024
Santander started boosting the high and ultra-high segment of its private banking business last year and has since hired 90 bankers.
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Darrow Wealth Management
MAY 6, 2024
Losing a parent is emotional. It can also be overwhelming for adult children when they’re the executor of the estate. Settling an estate is a process that takes time — months not days. When a parent dies and you’re the executor, make sure you understand your duties. Here’s a checklist to help you manage the process as executor of your parents estate.
Wealth Management
MAY 6, 2024
The boost in wealth from Bitcoin spilled over into the housing markets in parts of California, Nevada, Utah and other places where crypto is popular.
A Wealth of Common Sense
MAY 6, 2024
Today’s Talk Your Book is sponsored by Franklin Templeton Digital Assets: On today’s show, we spoke with Christopher Jensen, Director of Digital Assets Research for Franklin’s Digital Asset Investment Strategies Group and co-lead of the Digital Asset Investment Strategy Investment Committee to discuss the digital asset landscape. On today’s show, we discuss: The resiliency of Bitcoin The global.
Carson Wealth
MAY 6, 2024
This Bull Market Is Still Young As we’ve been saying for close to 18 months, we think we are in a new bull market and the economy will avoid a recession over the coming year. Not much has changed, and we still feel this way. Yes, there will be pullbacks, corrections, and scary headlines along the way, but overall, plenty of positive territory remains.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
XY Planning Network
MAY 6, 2024
Can you believe it? XYPN just celebrated a decade of making independence possible for 1800+ members, and just like that, the 10th annual conference is right around the corner. Since your red cape is at the cleaners—as usual, sigh— get ready to snag a t-shirt hot off the presses at registration because a celebration is waiting for you in Minneapolis, MN on October 15-17.
Advisor Perspectives
MAY 6, 2024
Let's take a close look at April's employment report numbers on Full and Part-Time Employment. The latest data shows that 82.8% of total employed workers are full-time (35+ hours) and 17.
Norman Marks
MAY 6, 2024
I apologize in advance to all my friends who make a living (at least in part) by helping people write what they believe are “effective” internal audit reports. Every so often, we should challenge everything we do, but today I am focusing on internal audit reports.
Advisor Perspectives
MAY 6, 2024
What does the ratio of unemployment claims tell us about where we are in the business cycle and recession risk?
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
The Irrelevant Investor
MAY 6, 2024
Today’s Talk Your Book is sponsored by Franklin Templeton Digital Assets: On today’s show, we spoke with Christopher Jensen, Director of Digital Assets Research for Franklin’s Digital Asset Investment Strategies Group and co-lead of the Digital Asset Investment Strategy Investment Committee to discuss the digital asset landscape. On today’s show, we discuss: The resiliency of Bitcoin The global com.
Advisor Perspectives
MAY 6, 2024
Multiple jobholders account for 5.2% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
Financial Symmetry
MAY 6, 2024
Have you thought about retiring abroad? Oftentimes, when we think of retirement we think about sunny beaches with crystalline water shimmering in the sunshine. Could this or some other idyllic vision be your future? The realities of retiring abroad can … Continued The post How to Approach Planning a Retirement Abroad, Ep #215 appeared first on Financial Symmetry, Inc.
Advisor Perspectives
MAY 6, 2024
All eight of the indexes on our world watch list have posted gains through May 6, 2024. Tokyo's Nikkei 225 finished in the top spot with a YTD gain of 14.26%. Hong Kong's Hang Seng finished in second with a YTD gain of 10.66% while the U.S.'s S&P 500 finished in third with a YTD gain of 9.23%.
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
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