The Reformed Broker
MARCH 28, 2023
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: ►Lending Shock – Shocks to bank lending standards do not fade away quickly. They persist and cause recessions. ►Are Banks Screwed? – “Since peaking almost exactly one year ago, deposits at all domestic.
Wealth Management
MARCH 30, 2023
Only 28% of advisors are female.
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A Wealth of Common Sense
MARCH 28, 2023
The last new all-time high for the S&P 500 was on January 3, 2022. That means it’s been almost 450 days since we’ve experienced new highs in the stock market. That feels like a long time. But based on the history of bear markets, it’s really not all that long. It might be a while until we hit new highs again if we use history as a guide.
Carson Wealth
MARCH 29, 2023
Becoming hyper-focused on only one aspect of a problem is pretty much never a good approach. A racecar driver who only focuses on speed and ignores strategy won’t win races, at least not many of them. A carpenter who only hammers in nails won’t build strong structures. The same is true of retirement planning – if you zero in on your portfolio and nothing else, you’ll miss out on some major factors that can make a significant difference in your retirement and ultimately your bottom line.
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.
Wealth Management
MARCH 29, 2023
For clients earning substantial incomes, saving and investing may not be enough. Income-tax diversification should play an important role in their retirement accumulation and income strategy planning.
Calculated Risk
MARCH 28, 2023
Freddie Mac reported that the Single-Family serious delinquency rate in February was 0.65%, down from 0.66% January. Freddie's rate is down year-over-year from 0.99% in February 2022. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".
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The Reformed Broker
MARCH 27, 2023
This is it. The only chart you need to concern yourself with now if you’re trying to figure out where the economy is heading. Construction and Industrial (C&I) loans are a $2.8 trillion business (approximately) for banks all over the country. If they roll over, we have a soft landing. If they roll over hard, we have a hard landing. It’s not complicated, the only thing that’s up in the air is the tim.
Wealth Management
MARCH 28, 2023
Full-service hotels in vacation destinations are attracting equity from high-net-worth investors who are joining deals as limited partners.
Calculated Risk
MARCH 30, 2023
The DOL reported : In the week ending March 25, the advance figure for seasonally adjusted initial claims was 198,000 , an increase of 7,000 from the previous week's unrevised level of 191,000. The 4-week moving average was 198,250, an increase of 2,000 from the previous week's unrevised average of 196,250. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.
The Big Picture
MARCH 28, 2023
Just back from California and Arizona, and still digging out. In the meanwhile, check out Nick today : The post All You Need to Know to Build Generational Wealth appeared first on The Big Picture.
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
The Reformed Broker
MARCH 25, 2023
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.
Wealth Management
MARCH 28, 2023
RPAs need the right people and technology in place to get “the underserved” to and through retirement.
Calculated Risk
MARCH 29, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 24, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 2.9 percent on a seasonally adjusted basis from one week earlier.
The Big Picture
MARCH 30, 2023
Yesterday I discussed all the reasons why the return to office was not going so well here in the US (even as RTO does much better in Europe). I spent a lot of time criticizing the sorry state of U.S. infrastructure as one of the many factors driving the reluctance to give up WFH. It doesn’t have to be this way. Back in 2018, I mentioned my personal infrastructure was improving.
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Abnormal Returns
MARCH 26, 2023
Top clicks this week Rising rates are still working their way through the markets and economy. (allisonschrager.substack.com) Surprises shouldn't be surprising. (mrzepczynski.blogspot.com) What risks should you actually hedge? (mr-stingy.com) Spend money on stuff that really moves the needle. (dariusforoux.com) Energy stocks are now struggling. (allstarcharts.com) The CFA Institute is overhauling its testing.
Wealth Management
MARCH 28, 2023
Among other changes, the association will add a wealth management specialization, with additional content on client management, investment planning and the duty of care.
Calculated Risk
MARCH 30, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Mar 25, 2023 • Active inventory growth continued to climb with for-sale homes up 57% above one year ago. Inventories of for-sale homes rose, but at a slightly slower pace than the previous week for a second time as the smaller number of hopeful homebuyers still outnumber new sellers on the market.
The Big Picture
MARCH 28, 2023
My Two-for-Tuesday morning train WFH reads: • The Fed’s anti-inflation work is almost done, with an assist from the banking crisis. the economic turmoil created by the collapse of three banks this month and the impairment of a fourth gave it a bit of breathing room in its increasingly unpopular campaign to subdue inflation with a series of sharp interest rate hikes. ( Los Angeles Times ) • Schwab’s $7 Trillion Empire Built on Low Rates Is Showing Cracks : Company faces pressure from bond losses
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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?
The Reformed Broker
MARCH 30, 2023
Michael and I join Guy and Dan for a special episode of On The Tape! We discuss engaging with internet trolls, the culture at Ritholtz Wealth Management, financial TV punditry, what’s happening in the markets, stock picking strategies, and navigating market panic. The post The Compound x On The Tape appeared first on The Reformed Broker.
Wealth Management
MARCH 29, 2023
MSCI’s Jim Costello and Alexis Maltin warn that while a failure on the scale of the Great Financial Crisis is unlikely, there are signs that trouble may be brewing for real estate investors with upcoming maturities.
Calculated Risk
MARCH 29, 2023
From the NAR: Pending Home Sales Grew for Third Straight Month, Up 0.8% in February Pending home sales grew in February for the third consecutive month, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases in transactions. The Pending Home Sales Index (PHSI)* — a forward-looking indicator of home sales based on contract signings — improved 0.8% to 83.2 in February.
Nerd's Eye View
MARCH 27, 2023
When consumers shop around before buying a good or service, many factors can play a role in their final decision, from previous experiences to the recommendations of friends and even to the companies’ branding. And when it comes to how a consumer perceives a brand, there are three critical components that come into play: brand awareness (simply knowing that the brand exists), recognition (recognizing a brand for its unique components and features), and brand equity (the value associated wi
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Abnormal Returns
MARCH 29, 2023
Strategy The stock market is almost always in a drawdown. (awealthofcommonsense.com) Just because you can invest in alternative assets, means you should. (realreturns.blog) Banking Who is going to pick up the lending slack from SVB? (news.crunchbase.com) Mercury is benefiting from the demise of SVB. (generalist.com) AI How AI can accelerate idea generation.
Wealth Management
MARCH 30, 2023
The advisors have a shared history at KLS Professional Advisors Group in New York, a family office-focused RIA acquired by Boston Private in 2004.
Calculated Risk
MARCH 28, 2023
S&P/Case-Shiller released the monthly Home Price Indices for January ("January" is a 3-month average of November, December and January closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Declining Trend Continued in January The S&P CoreLogic Case-Shiller U.S.
Nerd's Eye View
MARCH 28, 2023
Welcome back to the 326th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Erica Pauly. Erica is the Founder and Owner of Track That Advisor, a consulting and coaching firm based in Gilbert, Arizona, that helps advisory firms track, and then improve upon, their marketing results. What's unique about Erica, though, is how she built a series of spreadsheet tools to measure the details of each step of her advisory firm’s marketing funnel, from lead generation
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.
Abnormal Returns
MARCH 29, 2023
Savings Good savings habits compound over time. (awealthofcommonsense.com) Why it's so important to start saving early in your career. (tonyisola.com) Is socking money away for children always a good idea? (wealthfoundme.com) Money can only move the happiness needle so much. (humbledollar.com) CDs CDs were a great deal in the 1980s. They once again don't suck.
Wealth Management
MARCH 28, 2023
Attendees at the T3 conference detail what they truly want from their tech stack.
Calculated Risk
MARCH 28, 2023
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index "Declining Trend Continued" to 3.8% year-over-year increase in January Excerpt: Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for January were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
Nerd's Eye View
MARCH 31, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that, according to a recent survey, RIAs are considering metrics for growth other than assets under management, from the number of clients to diversifying the services they offer. And given that growth can create additional time burdens for advisors, many advisors are looking to automation as a way to gain efficiencies as they scale.
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