Tue.Oct 24, 2023

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The 20 Most Future-Ready Large Cities in the U.S.

Wealth Management

California rules the list of most future-ready cities in the United States, and Texas has a strong showing.

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There are four million households in North Carolina

The Reformed Broker

Conservatory at Biltmore, by Ann Vasilik via Our State There are four million households in North Carolina. Approximately half of those households (1.922 million) are comprised of a married male and female with children. Another half million are a female head of household with kids. There’s 180,000 or so male-led homes with children and then 1.4 million non-family households.

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Think You Know the Risk Profile of Your Clients? Think Again.

Wealth Management

Today’s risk management tools are too basic and provide mixed results.

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Total Housing Completions Will Likely Increase Slightly in 2023; The Mix will Change

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Total Housing Completions Will Likely Increase Slightly in 2023; The Mix will Change Brief excerpt: Although housing starts have slowed, completions will likely increase slightly in 2023. This graph shows total housing completions and placements since 1968 with an estimate for 2023 based on completions through September.

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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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12 Midweek Must Reads for Real Estate Investors (Oct. 25, 2023)

Wealth Management

The Federal Reserve’s recent sentiment report found that three-quarters of its survey respondents were concerned about the health of commercial real estate as a near-term risk. The Wall Street Journal looks at how big data has helped landlords charge higher rents even while incurring higher vacancies.

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Goldman: 2024 Housing Outlook

Calculated Risk

A few excerpts from a research note by Goldman Sachs economist Ronnie Walker: Higher for Longer and the 2024 Housing Outlook Sustained higher mortgage rates will have their most pronounced impact in 2024 on housing turnover. As a result, we expect the fewest annual existing home sales since the early 1990s at 3.8mn. While vacancy rates remain at historic lows, we expect housing starts to decline by 4% to 1.34mn in 2024, reflecting sharply fewer multifamily starts.

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More Trending

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Tuesday links: calling a bubble

Abnormal Returns

Markets Money market funds are gorging on T-bills. (ft.com) The markets are not expecting further Fed rate hikes. (capitalspectator.com) Strategy A history of the pandemic era stock market boom (and bust). (morningstar.com) Is gold a good investment? Meh. (monevator.com) Crypto Blackrock ($BLK) is all ready to go with a spot Bitcoin ETF. (etf.com) Grayscale is teaming up with FTSE Russell on crypto indices.

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Q&A: Hailin Li, CEO and Founder of Advyzon

Wealth Management

The former Morningstar executive discussed the drive to start the company, how they have been using artificial intelligence, their philosophy on integrations and their upcoming inaugural conference.

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Research links: the impact of finfluencers

Abnormal Returns

Corporate finance Why aren't corporate bankruptcies higher already? (mailchi.mp) CEOs who take responsibility for firm performance get better marks. (sciencedirect.com) How AI can be used to identify information in conference calls. (alphaarchitect.com) Companies with available, undrawn lines of credit outpeform. (ft.com) Global How will aging populations affect economic growth and stock returns?

Economics 253
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PIABA: Broker Expungement Is Still Too Easy

Wealth Management

But a new FINRA rule making it easier for state regulators to oppose expungements could solve some long-standing problems.

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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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#FA Success Ep 356: Scaling To (Nearly) $2M Of Revenue As A Flat-Fee, Advice-Only Firm, With Sarah-Catherine Gutierrez

Nerd's Eye View

Welcome everyone! Welcome to the 356th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Sarah-Catherine Gutierrez. Sarah-Catherine is the founder of Aptus Financial, a fee-only financial planning firm based in Little Rock, Arkansas, that is approaching $2M in revenue and works with over 480 client households. What's unique about Sarah-Catherine, though, is that despite the common industry belief that the only way to build and scale a firm is through AUM, she has

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CAIS Launches New Alternative Investment Management Platform

Wealth Management

The CAIS Solutions software-as-a-service platform allows advisors to manage all clients’ alternative investments, even those not sourced through CAIS’s marketplace.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Wynn, McDonald’s & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Savvy Advisors Adds 11th Recruit to AI-Enabled Platform

Wealth Management

Savvy Advisors adds a former LPL advisor as the nascent, tech-focused firm reinvigorates recruiting efforts.

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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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Why You Shouldn’t Sell Your Losers Yet

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Small Caps are F*cked – “But as with everything, there is more to the story…” ►Chevron Buys Hess – Second major domestic oil deal in a month after Exxon agreed to buy Pioneer.

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BlackRock to Pay $2.5M for Disclosure Errors in Bond Fund

Wealth Management

For years, BlackRock inaccurately described Aviron as a “diversified financial services” company, when it was a movie production outfit.

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Wednesday: New Home Sales

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, New Home Sales for September from the Census Bureau. The consensus is for 679 thousand SAAR, up from 675 thousand in August. • At 4:35 PM, Speech, Fed Chair Jerome Powell , Introductory Remarks , At the 2023 Moynihan Lecture in Social Science and Public Policy, W

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The Unintended Consequences of NASAA’s Rule Amendments

Wealth Management

Proposed changes to the Uniform Business Practices Rule conflict with Reg BI, will increase costs and decrease choice for investors and financial advisors, writes Cetera’s director of regulatory affairs.

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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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Did the Baby Boomers Ruin the Housing Market?

A Wealth of Common Sense

The housing market is broken. Affordability is as bad as it’s ever been. Mortgage rates are high. Prices are high. There is no supply on the market. It’s a mess. So who’s to blame? In a recent piece at Fortune I went through the suspects to figure out how we got here. * The housing market feels broken at the moment. Prices skyrocketed 50% nationally over the course of the pandemic.

Marketing 126
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Real Estate Investing: Tapping the Untapped Demand for Advice

Wealth Management

Discover the untapped potential of real estate investment advice in revolutionizing financial advisory practices.

Investing 276
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Facts Can Be Misleading

The Irrelevant Investor

The S&P 500 is flat since the Fed started raising rates in March 2022. It’s weathered the hiking cycle much better than smaller stocks that are more sensitive to tighter financial conditions. Over the same time, the Russell 2000 is down 16%. On last week’s What Are Your Thoughts? I shared this chart from Bank of America comparing long-term debt maturities of small versus large-cap indices.

Banking 117
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Springsteen Shows Private Equity Who's Boss

Wealth Management

If you’re going to sell out, do it at the top of the market.

Marketing 262
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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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From social media marketing disaster to finding more clients

Million Dollar Round Table (MDRT)

By Nguyễn Thị Minh Nguyệt What started out as a marketing disaster for five-year MDRT member Nguyen Thi Thu Dung , of Ho Chi Minh, Vietnam, became an opportunity to educate the public about insurance and find new clients. It began when Nguyen posted a video supporting life insurance on her TikTok account. It received almost 800,000 views as well as a lot of negative comments about insurance.

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A Major Driver of US Equities in the Past Decade Is Fading Fast

Wealth Management

US stock repurchases are tracking a 3% decline in the third quarter after falling 26% in the previous three months.

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Animal Spirits: Higher For Longer

The Irrelevant Investor

Today’s Animal Spirits is brought to you by YCharts and The College for Financial Planning: See here to learn more about how advisors use YCharts to save clients money on taxes See here to learn more about the Accredited Behavioral Financial Professional designation and here for a Master in Personal Financial Planning Email us at info@ritholtzwealth.com to set up an in-person meeting with us while in Charlotte!

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Grayscale Gets Court Order in Fight With SEC on Bitcoin ETF

Wealth Management

Approval of the ETFs is seen as a potential watershed moment by digital-asset advocates.

Assets 162
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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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Dr. Preston Cherry on Using the “Relationship Quality Index” to Give Clients What They Value Most

Steve Sanduski

Guest: Dr. Preston Cherry , AFC®, CFT-I , CFP®, Ph.D., the Founder and President of Concurrent Financial Planning , a comprehensive financial planning firm serving households and business owners across generations. Dr. Cherry is also Head of the Financial Planning Program and Director of the Charles Schwab Center for Personal Financial Planning at the University of Wisconsin–Green Bay.

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BlackRock Revives Target-Date ETFs, a Decade After First Attempt

Wealth Management

Last week, the world’s largest ETF issuer unveiled a suite of 10 funds that shift money into more conservative investments as holders age

Investing 162
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How To Make Money By Avoiding This Common Investing Mistake

Advisor Perspectives

A major investing mistake that investors often make is avoidable. We all realize that investing mistakes are going to be made. And there are some investing mistakes that are simply unavoidable and there’s really not much you can do about them.

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Shanthala FMCG Products IPO Review – GMP, Price, Details & More

Trade Brains

Shanthala FMCG Products IPO Review : Shanthala FMCG products is coming up with its Initial public offering. This is an SME (small and medium-sized enterprise) which is going to be listed on NSE SME. The IPO will be open for subscription on 27th October 2023 and closes on 31st October 2023. In this article about Shanthala FMCG Products IPO Review, we shall see about the company, financials, strengths and more.

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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.