The Big Picture
NOVEMBER 15, 2023
Markets screamed higher yesterday after a benign CPI report showed a 0.0% monthly price increase and inflation falling to 3.2% year over year. After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. It was a classic fear-driven error, a combination of bad market timing and poor impulse control.
Calculated Risk
NOVEMBER 15, 2023
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Continuing Decline in Architecture Billings, AIA/Deltek Architecture Billings Index Reports The AIA/Deltek Architecture Billings Index (ABI) reports that business conditions at architecture firms continued to soften in October. For the third consecutive month, the ABI score was under 50, indicating that a significant share of firms is seeing a decline in billings.
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Wealth Management
NOVEMBER 15, 2023
CEO Shirl Penney expects his independent advisor services platform to reach its goal by Independence Day of next year, and he still has plans to take the company public.
Abnormal Returns
NOVEMBER 15, 2023
Podcasts Christine Benz and Jeff Ptak talk with Scott Burns about keeping things simple in retirement. (morningstar.com) Brad Barrett talks with JL Collins author of “Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them.” (choosefi.com) Withdrawal rates The higher the withdrawal rate, the great the sequence-of-returns risk.
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.
Wealth Management
NOVEMBER 15, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
Abnormal Returns
NOVEMBER 15, 2023
Strategy Why it's a great time to be an investor. (blog.validea.com) Some behavioral hacks to prevent you from blowing up your portfolio. (ritholtz.com) Companies How Canada's Constellation Software invested its way to tremendous success. (citywire.com) How Goldman Sachs ($GS) lost its swagger. (businessinsider.com) AI How AI has already changed coding.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
NOVEMBER 15, 2023
In the depths of the COVID-19 pandemic, many small businesses such as restaurants, entertainment venues, and retail stores experienced cratering revenues, either due to government lockdown orders that forced many non-essential businesses to temporarily shut their doors, or simply due to lack of demand since many of their customers decided to stay at home out of an abundance of caution.
Wealth Management
NOVEMBER 15, 2023
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.
Calculated Risk
NOVEMBER 15, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 10, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 2.8 percent on a seasonally adjusted basis from one week earlier.
Wealth Management
NOVEMBER 15, 2023
With its eighth deal of year, Savant will have added more than $8 billion in 2023 as the firm seeks to more than triple assets over the next four years.
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.
Calculated Risk
NOVEMBER 15, 2023
On a monthly basis, retail sales were down 0.1% from September to October (seasonally adjusted), and sales were up 2.5 percent from October 2022. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for October 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $705.0 billion, down 0.1 percent from the previous month, and up 2.5 percent above October 2022.
Wealth Management
NOVEMBER 15, 2023
Don’t murder your clients—and other best practices.
Calculated Risk
NOVEMBER 15, 2023
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 222 thousand initial claims, up from 217 thousand last week. • Also at 8:30 AM, the Philly Fed manufacturing survey for November. The consensus is for a reading of -11.0, down from -9.0. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for October.
Wealth Management
NOVEMBER 15, 2023
Despite industry protests asking for more time, the DOL will hold its public hearing on the rule next month and close the comment period Jan. 2.
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
Calculated Risk
NOVEMBER 15, 2023
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in October A brief excerpt: NOTE: Starting next month, I’ll add some comparisons to 2019 (pre-pandemic)! This is the third look at several early reporting local markets in October. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas.
Wealth Management
NOVEMBER 15, 2023
tru Independence signs up to offer Opto's customized private investment funds to a growing stable of partner firms.
NAIFA Advisor Today
NOVEMBER 15, 2023
Mickey Straub is a successful entrepreneur, renowned speaker, accomplished author, devoted patriot, and mayor emeritus. He is passionate about inspiring people to set audacious goals with short deadlines so they can achieve more and regret less. With 23 years of experience inspiring organizational success, Mickey provides the necessary resources to implement a goal-oriented, activity-based, and metric-driven performance management system.
Wealth Management
NOVEMBER 15, 2023
Prospera Financial Services has formalized its suite of succession planning resources to help older advisors monetize their businesses and younger advisors acquire practices or become successors.
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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.
A Wealth of Common Sense
NOVEMBER 15, 2023
Today’s Animal Spirits is brought to you by Amplify ETFs: See here to learn more about Amplify’s free cash flow focused ETFs Register here for Episode 1 of The Smoke Show, on November 15th at 2PM Eastern On today’s show, we discuss: Why ‘Bidenomics’ falls flat Are real wages rising? Confirmed: The iPhone 15 is the most affordable iPhone since 2007 What the US got right that Europe did.
Wealth Management
NOVEMBER 15, 2023
LPL Private Wealth Management aims to provide the resources and structure that a wirehouse advisor would typically have, at a higher payout.
Advisor Perspectives
NOVEMBER 15, 2023
The labor market is undoubtedly deteriorating and sending signals that have been historically valuable warnings that a recession is coming.
Wealth Management
NOVEMBER 15, 2023
Wealth Consulting Group founder and CEO Jimmy Lee discusses the ESG debate, use cases for AI in financial planning and more.
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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?
Meb Faber Research
NOVEMBER 15, 2023
Episode #508: Jim Bianco on “The Biggest Economic Event of Our Lifetime” & The End of the 40-Year Bond Bull Market Guest: Jim Bianco is the President and Macro Strategist at Bianco Research, which offers macro investment research on financial markets. Date Recorded: 11/8/2023 | Run-Time: 1:23:49 Summary: In today’s episode, Jim shares why 2020 […] The post Episode #508: Jim Bianco on “The Biggest Economic Event of Our Lifetime” & The End of the 40-Y
Wealth Management
NOVEMBER 15, 2023
Managing defined contribution plans solidifies relationships with existing clients while potentially opening doors to new, long-term HNW partnerships.
Random Roger's Retirement Planning
NOVEMBER 15, 2023
Over the many years of blogging here and elsewhere I've chronicled my adventures in health insurance and the occasions when we've had HSA eligible insurance. Generically, HSAs are probably the most important account you can contribute to. Yes, getting an employer match to a 401k makes the most economic sense but the flexibility of an HSA is hard to beat.
Wealth Management
NOVEMBER 15, 2023
Wednesday, December 06, 2023 | 2:00 PM ET
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Advisor Perspectives
NOVEMBER 15, 2023
Wholesale inflation rose less than expected in October as producer price growth slowed for the first time in four months. The producer price index for final demand was down 0.5% month-over-month (s.a.). On an annual basis, headline PPI decelerated from 2.2% in September to 1.3% in October.
Wealth Management
NOVEMBER 15, 2023
The firm has been running a Reg D offering involving senior secured bridge real estate loans for the past eight years. Earlier this year, it decided to switch to an interval fund structure.
Advisor Perspectives
NOVEMBER 15, 2023
It’s true – first impressions are everything, and when it comes to your website, they happen in a flash.
Wealth Management
NOVEMBER 15, 2023
Thursday, December 14, 2023 | 4:15 PM ET
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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