Thu.Nov 16, 2023

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Revisiting Greedflation

The Big Picture

Over at Alphaville , Robin Wigglesworth looks at whether ‘Greedflation’ (aka price-gouging) meaningfully contributed to Eurozone inflation. Specifically, Bank of England research suggests that while they “find no evidence of a rise in overall profits in the UK” they did notice that “companies in the oil, gas and mining sectors have bucked the trend” with “some companies… much more profitable than others.”1 I was pretty skeptical about Greedflation initia

Banking 358
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Helios Rolls Out Scheduling Features For Its Model Rebalancing

Wealth Management

Advisors will now have more flexibility in scheduling rebalances of their chosen models.

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Realtor.com Reports Active Inventory UP YoY

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending Nov 11, 2023 • Active inventory increased slightly, with for-sale homes 0.6% above year ago levels. For 20 straight weeks, the number of homes available for sale registered below that of the previous year. However, active listings exceeded last year’s levels this week, reversing the recent trend. • New listings–a measure of sellers putting homes up for s

Sales 304
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12 Must Reads for Real Estate Investors (Nov. 17, 2023)

Wealth Management

CoStar looked at what entities besides landlords are among WeWork’s creditors during its bankruptcy. Cushman & Wakefield profiled investment activity among alternative property types. These are among the must reads from the real estate investment world to end the week.

Investing 304
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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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Thursday links: underestimating risk

Abnormal Returns

Active management Why asset allocators usually fail when it comes to manager selection. (investmentecosystem.com) When does conviction turn into arrogance? (flyoverstocks.com) Finance The London Stock Exchange Group is 'no longer particularly about London — or about trading stocks.' (ft.com) The Nasdaq ($NDAQ) has been on an acquisitions tear. (bloomberg.com) Auto insurance Why Florida has such high auto insurance rates - auto glass lawsuits.

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Steward Partners Launches New Division with $3B AUM Acquisition

Wealth Management

Steward is getting into the M&A game for real, establishing an 'owned business’ division with Freedom Street Partners.

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More Trending

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Edelman Financial Engines Picks Up PRW Wealth Management

Wealth Management

Now at $245 billion in AUM, Edellman Financial Engines expects to increase M&A momentum in the new year.

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NAHB: Builder Confidence Decreased in November

Calculated Risk

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 34, down from 40 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Sentiment Down Again, but Better Building Conditions are in View High mortgage rates that approached 8% earlier this month continue to hammer builder confidence, but recent economic data suggest housing conditions may improve in the coming months.

Sales 217
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Partner for Portfolios: Scale and differentiation with models

Wealth Management

Thursday, November 30, 2023 | 2:00 PM ET

Portfolio 289
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Weekly Initial Unemployment Claims Increase to 231,000

Calculated Risk

The DOL reported : In the week ending November 11, the advance figure for seasonally adjusted initial claims was 231,00 0, an increase of 13,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 217,000 to 218,000. The 4-week moving average was 220,250, an increase of 7,750 from the previous week's revised average.

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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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Wealth Enhancement Group Closes on Two NY Acquisitions

Wealth Management

Latest deals bring WEG to the Adirondacks and double the firm’s presence in Rochester.

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Industrial Production Decreased 0.6% in October

Calculated Risk

From the Fed: Industrial Production and Capacity Utilization Industrial production declined 0.6 percent in October. Manufacturing output fell 0.7 percent. Much of this decline was due to a 10 percent drop in the output of motor vehicles and parts that was affected by strikes at several major manufacturers of motor vehicles—the index for manufacturing excluding motor vehicles and parts edged up 0.1 percent.

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SEC Defers Decisions on Spot Bitcoin ETF, Grayscale Ether Futures Filings

Wealth Management

The SEC said it is delaying the decision on Hashdex's filing to 2024, a move they have already done for a number of other ETF hopefuls.

Numbers 278
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Friday: Housing Starts

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Housing Starts for October. The consensus is for 1.345 million SAAR, down from 1.358 million SAAR.

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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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Mindy Diamond on Independence: Two Perspectives on Private Equity and RIAs

Wealth Management

Mark Copeland, founder of Signature Estate & Investment Advisors and Ben Prigal, vice president of Reverence Capital Partners, discuss the value of partnership between private equity and RIAs.

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Power Laws in the Stock Market

A Wealth of Common Sense

A reader asks: I keep hearing about the Magnificent 7 stocks are carrying the stock market this year while the rest of the stocks are sucking wind. Does this even matter? I get that these stocks could fall and bring the market down with them but should we be worried about this level of concentration? It’s true the Magnificent 7 stocks — Amazon, Apple, Facebook, Google, Microsoft, Nvidia and Tesla — are.

Marketing 144
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What to Know About Buying Bonds in a Rocky Market

Wealth Management

Recent volatility has everyday investors looking to credit markets for the first time in years — or in some cases ever. Financial advisers have a few concerns.

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Rent Hikes of 2021 and 2022 to Boost CPI Into 2026

Advisor Perspectives

Inflation is edging back toward pre-pandemic rates in the US, but rent inflation still has a long way to go. To put it into numbers, the all-items consumer price index was just 3.2% higher in October than a year earlier, but the rent of primary residence index was up 7.2%.

Numbers 111
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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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The 5 Advisor Archetypes

Wealth Management

When it comes to due diligence and even a transition, no two advisors – or their paths – are the same.

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How to make sales easier

Million Dollar Round Table (MDRT)

By Sandy Schussel When I ask financial advisors or insurance agents what their biggest challenge is, the first answers are usually “not getting in front of enough qualified prospects,” “not managing my time well” or “being disorganized.” Many times, though, they’ll tell me they’re really “bad at sales” or “bad at closing.” When this is the case, it’s obviously a huge problem.

Sales 105
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Zillow Home Value Index: "Real" Home Value Falls in October

Advisor Perspectives

In October, nominal home values increased for a 7th straight months while "real" home values fell for a 2nd straight month. Last month's ZHVI came in at $346,653, up 0.26% from the previous month and up 1.75% from one year ago. However, after adjusting for inflation, the real figures are -0.14% month-over-month and -4.77% year-over-year.

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Fedbank Financial Services IPO Review – GMP, Details & More

Trade Brains

Fedbank Financial Services IPO Review: Fedbank Financial Services Limited promoted by The Federal Bank Limited, is coming up with its Initial Public Offering. The IPO will open for subscription on November 22, 2023, and close on November 24, 2023. In this article, we will look at the Fedbank Financial Services Limited IPO Review 2023 and analyze its strengths and weaknesses.

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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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Kansas City Fed Manufacturing Activity Declined Again in November

Advisor Perspectives

The latest Kansas City Fed Manufacturing Survey composite index declined again in November and the future outlook inched down. The composite index came in at -2, up from -8 in October, while the future outlook dropped to -1.

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Best Microcap Stocks Under Rs 500 To Add To Your Watchlist

Trade Brains

Best Microcap Stocks Under Rs 500 : Investors always look for companies that possess potential. However, it must be noted that such companies can come with substantial risks. Company earnings, sector, position, and business environment matter a lot. In this article, we will take a look at some of the microcap stocks that are priced under Rs 500. Microcap Stocks Under Rs 500 Here are list of Best Microcap stocks under Rs 500 that are listed in BSE and NSE, we shall take a look at those stocks and

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The Big Four Recession Indicators: Industrial Production Falls in October

Advisor Perspectives

Industrial production declined for the first time in four months in October. On a monthly basis, industrial production fell 0.6%, a larger drop that the projected 0.3% decline. Additionally, compared to one year ago, industrial production showed a decrease of 0.68%.

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Bajaj Finance: Why did RBI stop eCOM and Insta EMI Card?

Trade Brains

Bajaj Finance : This might not be the first time you hear about clashes between Bajaj Finance and the RBI. Lately, it is making headlines for not one but many of its issues. Three major issues have hit this year, making people think twice about using Bajaj Finance services. So, what are those? Keep reading to learn more! First – Spam calls from Bajaj Finance Most people were extremely frustrated and annoyed by unwanted calls and messages from Bajaj Finance.

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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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NAHB Housing Market Index: Builder Confidence Down Again

Advisor Perspectives

High mortgage rates continue to impact builder confidence as the National Association of Home Builders (NAHB) Housing Market Index (HMI) fell for a fourth consecutive month. With that said, recent macroeconomic data suggest improved conditions in the coming months. The index dropped 6 points from last month to 34, the index's lowest level since December 2022.

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Six ChatGPT Prompts to Simplify Tax Prep for Financial Advisors | Hubly

Hubly

Want to avoid some of the admin work around tax prep? Here are a few ChatGPT prompts to get you started.

Taxes 52
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Unemployment Claims Up 13K, Worse Than Expected

Advisor Perspectives

In the week ending November 11, initial jobless claims were at a seasonally adjusted level of 231,000, an increase of 13,000 from the previous week's revised figure. The latest reading is higher than the forecast of 220,000.

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Establishing an Online Presence for Your Certified Financial Planner Practice

International College of Financial Planning

Your Website Creates Your First Impression: Be Mindful For financial experts, having a website is crucial. Almost all investors (98%) believe that an advisor’s website plays a significant role when deciding whom to choose. Interestingly, 42% of investors search for an advisor online, using search engines like Google. This is even more than the 32% who would first ask their family or friends for recommendations.

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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.