Mon.Oct 21, 2024

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Housing Oct 21st Weekly Update: Inventory Up 1.0% Week-over-week, Up 33.4% Year-over-year

Calculated Risk

Altos reports that active single-family inventory was up 1.0% week-over-week. Inventory is now up 49.7% from the February seasonal bottom. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024. The black line is for 2019. Inventory was up 33.4% compared to the same week in 2023 (last week it was up 34.0%), and down 21.0% compared to the same week in 2019 (last week it was down 22.6%).

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AI Usage Top Priority for SEC Examiners in 2025

Wealth Management

According to the SEC division’s exam priorities, Reg BI compliance and the use of crypto assets are other areas of focus for the upcoming year.

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Adviser links: time and space

Abnormal Returns

Podcasts Frazer Rice talks RIA marketing with Richard Heft, President of EXT Marketing. (frazerrice.com) Brendan Frazier talks with Ben Haas about how to conduct client 're-discovery' meetings. (podcasts.apple.com) Josh Brown and Michael Kitces talk about how a recent CFP ad campaign went wrong. (youtube.com) The biz Schwab Advisor Solutions will look to boost revenue, just not through custody fees.

CFP 289
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What’s Top of Mind for Congressional Tax Writers Heading Into 2025?

Wealth Management

Heading toward Election Day, four congressional committee leaders offer clues about their priorities.

Taxes 285
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

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MBA Survey: Share of Mortgage Loans in Forbearance Increases to 0.34% in September

Calculated Risk

From the MBA: Share of Mortgage Loans in Forbearance Increases to 0.34% in September The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.34% as of September 30, 2024. According to MBA’s estimate, 170,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.3 million borrowers since March 2020.

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Hightower Takes Majority Stake in Institutional Consultant NEPC

Wealth Management

With NEPC, Hightower and its affiliates will represent over $1.8 trillion in assets under advisement and $258 billion in assets under management.

More Trending

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Lido Advisors Acquires $3B Wisconsin RIA

Wealth Management

The deal with Pegasus Partners is the largest since Lido sold a minority stake to private equity firm Constellation Wealth Partners earlier this year.

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Tuesday: Richmond Fed Mfg

Calculated Risk

From Matthew Graham at Mortgage News Daily: Rates Jump Quickly to Highest Levels Since July By the smallest of margins, mortgage rates are back up to levels last seen in July. That means we've gone from being fairly close to 6% in mid-September to being nearly as close to 7% today when it comes to top tier 30yr fixed scenarios for the average lender.

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Wealth Management INVEST: Breaking Down Semi-Liquid Funds with StepStone CEO Bob Long

Wealth Management

StepStone Private Wealth's CEO details how and why the company uses semi-liquid evergreen funds over other private market investment vehicles.

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Transcript: Brian Higgins, King Street

The Big Picture

The transcript from this week’s, Transcript: Brian Higgins, King Street , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ 00:00:09 [Speaker Changed] This is Masters in business with Barry Riol on Bloomberg Radio. 00:00:15 [Speaker Changed] I’m Barry Ritholtz, you are listening to Masters in Business on Bloomberg Rad

Numbers 147
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Book of Secrets on the Month-End Close

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.

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Adjusted for Risk: What the New Interest Rate Regime Mean for Dividend Investing

Wealth Management

Miramar Capital's Max Wasserman details the impact impact interest rate cuts have on investor mentality and misconceptions about dividend investing.

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A 90-Day Onboarding Plan To Train Your New Superstar Client Service Associate (CSA)

Nerd's Eye View

For small advisory firms that are beginning to grow and ready to add new staff, a Client Service Associate (CSA) or similar support role is a common early hire. Ideally, this person will free up an advisor's time to let them focus on other tasks (which are likely income-producing and will allow the advisor to continue to grow the firm). However, if a new CSA is not onboarded well, then advisors run the risk of taking on additional management responsibilities without a corresponding lift in task

Planning 130
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Directed Trusts Explained

Wealth Management

Used properly, directed trusts can enhance flexibility and control.

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What Happens to Your Stock When a Company is Bought?

Darrow Wealth Management

If your company (e.g. the target company) is getting acquired, you’ll want to understand what happens to your stock. When a company buys another company, what can happen to your stock depends on several factors, including if you own stock outright or vested/unvested stock options/RSUs. Here’s more on what happens to employees with equity after a merger, acquisition, or sale of a company.

Taxes 114
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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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?

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Why DeFi Is the Future of Wealth Management

Wealth Management

Tokenization brings access to investment-grade products to a broader audience.

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Semiconductor stock falls 5% after company’s net profit decreases by 8.71% QoQ

Trade Brains

This semiconductor company, which operates in the dropped around 8% in the day’s trading after it was trading around 2% up after they released their Q2FY25 results and Board to raise Rs. 3,500 through the QIP route. Price Action With a market capitalization of Rs. 1,18,725.31 Crores, the shares of CG Power and Industrial Solution were trading at Rs. 776.75 per equity share, down 5 percent from its previous day’s close price of Rs. 818.80.

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SEC Fines WisdomTree $4M for Greenwashing ESG ETFs

Wealth Management

The agency said the investment manager failed to adhere to its own investment criteria on three ESG-marketed ETFs that WisdomTree shuttered earlier this year.

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Boeing's Union Finally Has a Labor Deal That Makes Sense

Advisor Perspectives

A dark cloud will be hanging over Boeing Co. when it releases its third-quarter earnings report Wednesday morning and Chief Executive Officer Kelly Ortberg, who has only been in the job since August, presides over his first quarterly conference call with analysts for the storied planemaker.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

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.

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Mastering the Transfer Certificate

Wealth Management

Key considerations for investors.

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Meet the Future of Financial Tech: Winners of AdviceTech of XYPN LIVE 2024

XY Planning Network

Join us at XYPN LIVE 2024 for the AdviceTech Competition, where innovative solutions are showcased, with CurrentClient winning Best in Show and Quivr CRM as Advicer’s Choice!

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LPL Board Names Rich Steinmeier CEO

Wealth Management

Following CEO Dan Arnold's sudden firing earlier this month, LPL's board has chosen Steinmeier as his permanent replacement, while CFO Matt Audette adds president to his title.

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A Fascinating Hedge

Random Roger's Retirement Planning

A couple of quick hits today. This chart of alternative strategies is from a webinar that the ReturnStacked guys put on last week. And here is a correlation matrix and you can see the order that I have the proxies listed, corresponds with the chart above. For the most part, the correlations to the S&P 500 are quite low. Yesterday, I talked about using this screening process as a first step to exploring diversifiers.

Taxes 96
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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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Managing Domesticated Former Foreign Trusts

Wealth Management

Strategies to mitigate accumulation distributions of UNI.

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The Worst of Allan Roth

Advisor Perspectives

Rather than go back and reminisce about the articles I’m most proud of, I think a better exercise is to look at those I got wrong and reflect on what might be learned.

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Considerations for Real Property In Estate Planning

Wealth Management

Administrative and tax issues, along with opportunities.

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Why did Tata Consumers stock price fall by more than 8% today?

Trade Brains

One of the leading FMCG stocks engaged in the business of providing popular brands such as Tata Tea, Tetley, Eight O’Clock Coffee, Tata Salt, and Tata Sampann has plunged by over 8.5% after the announcement of the September quarter of the financial year 2025. Stock Movement: After announcing its quarterly results, Tata Consumer Products Limited’s share has plunged by 8.59%.

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Fall In Love With the Month-End Close

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.

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The Accidental Multinationals

Wealth Management

Cross-border planning challenges for affluent immigrants with global assets.

Assets 257
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Hazard-Obsessed Stock Investors Risk Missing a Year-End Rally

Advisor Perspectives

Investors laser-focused on the risks looming in the next few weeks may be left unprepared if their worst fears don’t come to pass.

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RPA Aggregator Roundtable: Radical Sea Change Happening Now

Wealth Management

A sea change is denoted by a radical transformation that requires a comprehensive revamp of a business’s strategies, systems, processes or structures.

Marketing 256
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Risk: The Elephant in the Advisor/Client Relationship

Advisor Perspectives

Risk. It’s a tiny word for a critical investment concept, one that necessarily merits ample discussion by advisors with their clients. Unfortunately, evidence suggests this may not be happening evenly across the advisory industry.

Clients 64
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The Future Of Finance: How To Manage Spend The Right Way

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