Mon.Oct 30, 2023

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Another Rep Challenges FINRA’s Constitutionality

Wealth Management

Former rep Sidney Lebental is citing FINRA’s legal sparring match with Alpine Securities to halt disciplinary proceedings against him. Meanwhile, FINRA has responded to Alpine’s allegations.

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Housing October 30th Weekly Update: Inventory increased 1.5% Week-over-week; Down 2.7% Year-over-year

Calculated Risk

Altos reports that active single-family inventory was up 1.5% week-over-week. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of October 27th, inventory was at 563 thousand (7-day average), compared to 554 thousand the prior week. Year-to-date, inventory is up 14.6%. And inventory is up 38.5% from the seasonal bottom 28 weeks ago.

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The Ideal 401(k) Investment Menu

Wealth Management

A look at investment options for 401(k) plans beyond TDFs.

Investing 311
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Monday links: asset allocation magic

Abnormal Returns

Strategy There's nothing magic about asset allocation. (obliviousinvestor.com) Do stocks really become less risky over the long run? (morningstar.com) Companies Google ($GOOGL) is investing $2 billion in AI player Anthropic. (axios.com) Pharmaceutical companies are getting out to the consumer product business. (wsj.com) Fidelity has further marked down the value of their stake in Twitter.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

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.

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10 Must Reads for Real Estate Investors (Oct. 30, 2023)

Wealth Management

The White House unveiled a new plan aimed at incentivizing office-to-residential conversions. Caution has crept into the industrial market, where some big users of space are holding off on additional commitments, reports Bisnow. These are among the must reads from the real estate investment world to start the new week.

Planning 299
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Bubble Risk in City Property Markets?

The Big Picture

Buoyed by low interest rates for the last decade, many property markets have seen substantial price growth since 2010. Experts warned that real estate bubbles—in which the price of assets moved up far beyond their intrinsic value—were forming. The UBS Global Real Estate Bubble Index analyzes the real estate market of 25 major cities across the globe and assigns them a score between -0.5 to 2.0 to convey bubble risk.

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More Trending

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Adviser links: demonstrating confidence

Abnormal Returns

Podcasts Brendan Frazier talks with Jake Northrup of Experience Your Wealth about how he infuses the human side to help clients live their ideal life. (wiredplanning.com) Thomas Kopelman talks donor advised funds with Adam Nash of Daffy. (podcasts.apple.com) Michael Kitces talks with Sarah-Catherine Gutierrez, founder of Aptus Financial, about operating as a flat-fee advice-only firm.

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Why Invest In Farmland?

Wealth Management

A turnover in ownership for a huge percentage of America’s farmland appears imminent.

Investing 290
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The 10 Best Financial Advisor Conferences To Attend In 2024

Nerd's Eye View

After several years of turmoil caused by the pandemic, financial advisor conferences seem to have found a "new [post-pandemic] normal", with events once again growing (some already surpassing their pre-pandemic highs). But that's not to say that the conference landscape was not altered by the pandemic; instead, the pandemic appears to have served as a catalyst that accelerated trends that were already underway, such that financial advisor conferences today look substantively different than they

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Goldman: 2024 Inflation Outlook

Calculated Risk

A few excerpts from a note by Goldman Sachs economists Spencer Hill and Manuel Abecasis: 2024 Inflation Outlook: Approaching the Target "We are lowering our December 2024 core CPI forecast by two tenths to 2.7% year-on-year, and we continue to expect a significant decline in core PCE inflation from 3.7% currently to 2.4% in December 2024. We expect the backdrop of falling but above-target inflation to validate the Fed’s decision to hold the fed funds rate at its current level until 2024Q4.

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What Your Financial Statements Are Telling You—And How to Listen!

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.

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Morgan Stanley Gives All 3 CEO Contenders $20M Special Bonuses

Wealth Management

Morgan Stanley announced last week that Ted Pick will succeed James Gorman as CEO.

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Tuesday: Case-Shiller House Prices, Chicago PMI, Housing Vacancies and Homeownership

Calculated Risk

From Matthew Graham at Mortgage News Daily: Mortgages Rates Just Barely Higher. Bigger Moves Are Likely Ahead Mortgage rates barely budged today. The average lender was just a hair higher compared to Friday's top tier conventional 30yr fixed rate offerings. The biggest risk (or opportunity) involves a cohesive message across multiple economic reports and events.

Economics 173
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Empowering Advisors: Leveraging Technology for Optimal Outcomes

Wealth Management

Wednesday, November 29, 2023 | 2:00 PM ET

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Presentation: Navigating Financial Disasters

The Big Picture

As promised, here is my presentation “ Navigating Financial Disasters ” from today at the Orlando Money Show… The post Presentation: Navigating Financial Disasters appeared first on The Big Picture.

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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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Value versus Values in ESG Investing

Alpha Architect

The relationship between financial markets and ESG investing is obscured by the lack of clarity regarding motivations for investing in ESG strategies. Is the motive to align the investor’s values with the ESG theme? Or is the ESG term a misnomer for a set of stocks that are systematically undervalued, for some reason as a function of its ESG characteristics?

Investing 115
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10 Monday AM Reads

The Big Picture

My what am I doing in Orlando morning plane reads: • It’s Time to Stop Crying About Bonds and Buy Them Instead : Treasuries have had one of their worst three-year stretches on record. Why it can’t get much worse. ( Barron’s ) • Is E.S.G. Falling Out of Favor? Chevron’s $53 billion bid for Hess may drive consolidation in the oil patch. Meanwhile, investors are pulling back from climate-focused investment products. ( New York Times ) see also Why the Right’s Bud Light Boycott Worked :

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Weekly Market Insights – October 30, 2023

Cornerstone Financial Advisory

Weekly Market Insights: Stocks Retreat On Cautious Earnings Reports Presented by Cornerstone Financial Advisory, LLC Amid a busy week of corporate earnings reports, stocks slumped on cautious earnings guidance, fears of higher interest rates, and growing anxiety over the increasing amount of Treasury bonds and notes coming to market. The Dow Jones Industrial Average dropped 1.88%, while the Standard & Poor’s 500 declined 3.29%.

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MISTAKE MONDAY for October 30: Can YOU spot what’s wrong?

Investment Writing

Can you spot what’s wrong in the image below? Please post your answer as a comment. Oops, someone didn’t proofread this survey carefully. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for October 30: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.

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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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How Student Loan Forgiveness Affects Your Finances

Advisor Perspectives

While getting your loans wiped out in one fell swoop can seem like a lifesaver, it may come with some negative financial implications. I cover what you need to know.

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Talk Your Book: Investing in Luxury

A Wealth of Common Sense

Today’s Talk Your Book is brought to you by KraneShares: Today we are joined by Brendan Ahern, CIO of Kraneshares to discuss their new Global Luxury Index ETF $KLXY On today’s show, we discuss: The creation of the Luxury ETF Luxury spending dynamics and recessions Getting exposure to China through European companies Demographic trends and the wealth effect Utilizing thematics in a portfolio Finding a better.

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How to Deal with a Jerk

Advisor Perspectives

The world is a cold, hard, mean place and you are going to suffer if you allow bullying comments from a tough prospect to derail you.

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Market Commentary: How Bad Is It?

Carson Wealth

Stocks fell again last week, even as yields paused and overall earnings were solid. As of Thursday, the S&P 500 is down nearly 10% from its late-July peak. A decline of 10% or more would be classified as a correction. It’s important to know that 10% corrections occur most years. Since 1980, 22 out of 42 years saw at least one double-digit, peak-to-trough correction, with 12 of those years ending higher and gaining an average of 17.0%.

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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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Income-Based Repayment Plans for Student Loans

Advisor Perspectives

Many entry-level jobs, especially those in education and social services, do not pay well enough for recent graduates to balance their student loan payments with rent and other expenses. This is where income-based repayment plans for student loans come in.

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New SEC Requirement for Investment Advisers: Documenting Annual Compliance Program Reviews

XY Planning Network

With the overwhelming amount of rulemaking taking place at the SEC, the operational impact of maintaining compliance, when taking into account the totality of the rules recently finalized and currently being proposed, is sure to be significant for most investment advisers going forward. Regardless of whether you are state-registered or registered with the SEC, it is a good practice to understand what the SEC is focused on and what is going on with new (and proposed) regulations.

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Internal audit wastes so much time on policies, documentation, and more!

Norman Marks

For years now, I have been preaching (sorry) about the need for internal auditors to cut out any activity that doesn’t create value for its customers in management and on the board. This is an essential element in the great discipline, originally used in manufacturing by Toyota, called Lean.

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Social Security Strategies to Discuss with a Financial Professional

Integrity Financial Planning

Everyone’s financial situation is different. Loan status, job situation, and the age of your kids all significantly impact your financial situation as you approach retirement. When it comes to Social Security there are a lot of different factors to consider, and the right path forward may not be apparent to you. Just because someone else made a similar financial move that worked doesn’t mean it will work for you.

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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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Honasa Consumer IPO Review – GMP, Price, Details & More

Trade Brains

Honasa Consumer IPO Review : The much awaited IPO is set to hit the markets. Honasa Consumer which owns the flagship brand- Mamaearth, is coming up with the IPO which is set to be listed on the NSE and BSE. The IPO will be open for subscription on 31st October 2023 and closes on 2nd November 2023. In this Honasa Consumer IPO review, which owns the brand- Mamaearth, we look at their scale of operations, GMP, strengths, weaknesses & more.

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How to prepare for a meeting with your Financial Advisor

WiserAdvisor

What do you do before you visit a doctor? Understand your condition, prepare for all the questions that the doctor would ask, ensure all your test reports and medical history documents are in order and so on. Preparation is a must even before you visit a financial advisor. 7 Things to do to prepare for your first financial advisor meeting List your assets and liabilities Outline your income and expenses Write down your goals Consider the needs of your family Understand your financial strengths

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Annuity Income Riders: To Win, You Must Lose

Advisor Perspectives

I analyze the math of annuity income riders and how you pay the insurance company to draw down your own assets. It is highly unlikely the insurers will pay a dime, which makes those riders questionable.

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Retirement Plan Horror Stories, Ep #202

Financial Symmetry

There’s so much we can overlook with retirement plans. On this special Halloween-themed episode we’re sharing some retirement plan horror stories to avoid in your own wealth-building journey. Listen in to ensure that these horrors don’t ruin your retirement plans. Zombie … Continued The post Retirement Plan Horror Stories, Ep #202 appeared first on Financial Symmetry, Inc.

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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.