Wed.Nov 08, 2023

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October Brought Another Torrent of ETF Launches

Wealth Management

For the second straight month, sponsors launched dozens of new ETFs. That included eight bond ETFs, one commodoties ETF, 45 equities-based ETFs, 12 target date/multi-asset ETFs and four others.

Assets 329
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Housing: Inventory will Tell the Tale

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Inventory will Tell the Tale A brief excerpt: Two years ago, in November 2021, I wrote Inventory will Tell the Tale and recounted how changes in housing inventory had helped me forecast the housing market at several key points. Here is an update to that post with a few additional comments. Starting in January 2005, I was very bearish on housing , but I wasn’t sure when the market would turn.

Marketing 291
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Woman Accused of Poisoning Boyfriend Over Inheritance

Wealth Management

He was reportedly planning to leave her after coming into the large sum of money.

Planning 299
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Wednesday links: a hard truth

Abnormal Returns

Markets The stock market usually goes up. (tker.co) Like it or not, technology stocks are leading. (allstarcharts.com) Technology How does the technology industry not get bigger? (notboring.co) OpenAI is laying out a path forward for a sustainable business. (stratechery.com) Meta ($META) has a path forward for WhatsApp profitability. (nytimes.com) Amazon ($AMZN) is going wide with offers for One Medical membership.

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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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Millions of Retired Americans Aren't Coming Back to Work as Predicted

Wealth Management

The Great Retirement induced by COVID-19 continues.

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Personal finance links: avoiding losing

Abnormal Returns

Podcasts Christine Benz and Jeff Ptak talk with JL Collins author of "Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence." (morningstar.com) Peter Lazaroff talks with William Bernstein author of "The Four Pillars of Investing." (peterlazaroff.com) Robin Powell talks with Moira O'Neill about teach children about money.

More Trending

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Helping Hesitant Clients Boost Their Retirement Spending

Nerd's Eye View

Retirement is often framed as one's "golden years", a time to enjoy the fruits of several decades of hard work. And for many retirees who have planned accordingly, this transition is not a problem as they might spend generously on travel, hobbies, or other pursuits. Nevertheless, some retirees can find it emotionally challenging to bring themselves to go beyond the basics in retirement spending (e.g., because they have a hard time switching from 'savings' mode to 'spending' mode) and can be hesi

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401(k) Real Talk Episode 84: November 8, 2023

Wealth Management

Open, honest and candid discussions about the latest news in the RPA industry.

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MBA: Mortgage Applications Increased in Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 3, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 2.5 percent on a seasonally adjusted basis from one week earlier.

Sales 200
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BlackRock’s $100 Billion Model Makers Are Betting on Megacaps

Wealth Management

BlackRock sees balance-sheet strength, positive earnings revisions among larger-cap firms.

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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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Update: Lumber Prices Down Slightly YoY

Calculated Risk

Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16th. I've now switched to a new physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period both contracts were available.

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Private Equity Courts a Growing Class of Mini-Millionaires

Wealth Management

The private equity industry is racing to secure a share of the trillions of dollars in wealth held by the rising suburban rich.

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Thursday: Unemployment Claims

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 221 thousand initial claims, up from 217 thousand last week.

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Will Your Life Insurance Business Sunset if the Tax Laws Don’t?

Wealth Management

Now may a good time to hedge your bets.

Insurance 278
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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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The Credit Crunch Is Just Beginning

The Reformed Broker

On this special episode of TCAF Tuesday, Michael Batnick, Barry Ritholtz, and Downtown Josh Brown are joined by Campbell Harvey to discuss: the state of the economy, the yield curve indicator, the next recession, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

Economy 161
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Ex-Cantor Executives Start Lending Platform for Anticipated Spot Bitcoin ETFs

Wealth Management

Digital Prime Technologies’ Tokenet joins other firms seeking to fill a void left by the demise of crypto lenders Genesis, Celsius, BlockFi and others.

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Should CalPERS Fire Everyone And Just Buy Some ETFs?

Meb Faber Research

“He was a U.S.-class smooth politician, which is the only way you’re going to survive in that job. It has nothing to do with investing.” That’s how Institutional Investor recently described a former CIO of the California Public Employees’ Retirement System, also known as CalPERS. The description is especially interesting when considering that the “I” […] The post Should CalPERS Fire Everyone And Just Buy Some ETFs?

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Morgan Stanley Wealth Business Scrutinized by Fed, WSJ Says

Wealth Management

The SEC has been pressing Morgan Stanley to improve its processes and controls to prevent wealthy international clients from laundering money.

Clients 276
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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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New Insights on High-Net-Worth Philanthropy

Advisor Perspectives

Here are six key trends for HNW donors to consider during your giving season conversations.

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SEC Rule to Speed Trades Puts $1T of ETFs at Risk

Wealth Management

The industry pros who keep America’s $7.

Assets 276
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Global Factor Performance: November 2023

Alpha Architect

Standardized Performance Factor Performance Factor Exposures Factor Premiums Factor Attribution Factor Data Downloads Global Factor Performance: November 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Embracing the Future: Opportunities in Carbon Transition Infrastructure

Wealth Management

Monday, November 27, 2023 | 2:00 PM ET

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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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Animal Spirits: Finally, A Slowdown

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by YCharts: See here to register for the YCharts Year-End Strategy webinar with the Animal Spirits team! On today’s show, we discuss: Comments on October Employment Report Is the Fed peaking too soon? Your ‘set it and forget it’ 401(k) made you rich. No more. Is the 60/40 portfolio a good investment now?

Portfolio 101
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UBS Seeks to Shed $5B in Rich Clients’ Assets

Wealth Management

UBS moved the assets from the wealth management division to the wind-down unit during the third quarter.

Assets 248
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Chalk Talk: Mint.com is Shutting Down on Dec. 31, 2023

MainStreet Financial Planning

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 11-21-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting Free for current clients, $10 for guests Register Here! Mint.com is Shutting Down on Dec. 31, 2023 Hosted by: Anna Sergunina , CFP® It’s always disappointing when a popular and useful service like Mint decides to shut down.

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401(k) Real Talk Transcript for November 8, 2023

Wealth Management

Transcript of Episode 84 of 401(k) Real Talk.

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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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Strategic Update – Q4 2023

Discipline Funds

Here’s our latest strategic update given recent changes for Q4 and beyond. To learn more about our investment management service please contact us here. Macroeconomic Overview Our macroeconomic forecast for 2023 called for a year of disinflation and “muddle through” That means we expected the economy to remain sluggish and for inflation to show positive rates of change that were sequentially slower.

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Building and Engaging Your LinkedIn Network

Advisor Perspectives

User engagement is up on LinkedIn. How can you capitalize on it? Here are six steps to cultivate a LinkedIn network.

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Jon Dauphiné and Dave Mantell on the Societal and Business Value of Delivering Pro Bono Financial Planning

Steve Sanduski

Guest: Jon Dauphiné, Esq. is the CEO of the Foundation for Financial Planning, the U.S.’s leading 501(c)(3) charity devoted to expanding access to pro bono financial planning for people in need. Dave Mantell , CFP®, CFA is a Managing Partner and wealth advisor at Stabler Wealth Management in Bellevue, WA. In a Nutshell: In fields like medicine, law, and education, pro bono work is an established part of the professional culture.

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Cryptocurrencies: Bitcoin Breaks $35,000

Advisor Perspectives

Bitcoin's price continued to rise this week, breaking $35,000 for the first time since May 2022. BTC is now up ~111% year to date. Here's the latest charts on three of the largest cryptocurrencies by market share through 11/7.

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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.