Wealth Management

MARCH 27, 2024

The wirehouse claims that Zak Gardezy resigned from the firm and began soliciting former clients originally referred from Morgan Stanley’s E*Trade division.

Clients 276

Clients 276

Calculated Risk

DECEMBER 24, 2024

The reason, not surprisingly, is that Census updated its methodology to include estimates of what it refers to as humanitarian migrants, including border patrol releases and paroles.

Numbers 173

Numbers 173

Calculated Risk

NOVEMBER 3, 2022

. • Unemployment Claims: The weekly claims report showed a slight increase in the number of initial unemployment claims during the reference week (includes the 12th of the month) from 209,000 in September to 214,000 in October. This would usually suggest above the same number of layoffs in October as in September.

Retail 350

Retail Numbers Manufacturing 350

NAIFA Advisor Today

JANUARY 16, 2025

What Im referring to is the enactment of ERISA, the Employee Retirement Income Security Act. Advisor Today Guest Column January of 2025 is the 50th anniversary to one of the most important pieces of legislation in the retirement planning arena ever put into law by Congress.

Retirement Planning 140

Retirement Planning Retirement Planning Accounting 140

Calculated Risk

AUGUST 4, 2022

. • Unemployment Claims: The weekly claims report showed an increase in the number of initial unemployment claims during the reference week (includes the 12th of the month) from 233,000 in June to 261,000 in July. Unemployment claims increased during the reference week. This would usually suggest a few more layoffs in June than in May.

Manufacturing 243

Manufacturing Numbers 243

The Reformed Broker

NOVEMBER 25, 2022

Especially if we’re referring to the past performance of a particular investment strategy, portfolio manager, mutual fund or individual stock. Past performance is not a guarantee of future results. Of course it isn’t. Things change. But past performance of asset classes should be well understood.

Portfolio Management 258

Portfolio Management Portfolio Assets Management 258

Nerd's Eye View

FEBRUARY 1, 2023

Financial advisors who pay third parties to solicit or refer prospective clients to generate new business have historically been subject to the SEC’s Cash Solicitation Rule.

Advertising 242

Advertising Compliance Marketing Marketing 242

Calculated Risk

DECEMBER 1, 2023

With the end of the UAW and SAG-AFTRA strikes, 41,300 strikers returned to work for the November reference period. Note: The reference period usually contains the 12th of the month, however there are exceptions, and the reference period for November 2023 was the 5th through the 11th.

195

195

Calculated Risk

FEBRUARY 6, 2025

Note: The ISM surveys have been way off recently) Unemployment Claims: The weekly claims report showed slightly more initial unemployment claims during the reference week at 223,000 in January compared to 220,000 in December. Combined this suggests 95,000 jobs added, far below consensus expectations.

Manufacturing 162

Manufacturing Numbers 162

The Big Picture

MARCH 10, 2025

Our perceptions lag; our frame of reference is the past few years. Do you think people today confuse money itself with actual wealth in ways that lead to poor decisions? ” A : You’re making me reach back to college philosophy? I have noticed this personally in major purchases like homes or autos.

Investing 195

Investing Investments Food Ethics 195

Calculated Risk

FEBRUARY 2, 2023

ADP chief economist Nela Richardson noted: "In January, we saw the impact of weather-related disruptions on employment during our reference week. COVID: As far as the pandemic, the number of weekly cases during the reference week in January was around 332,000 , down from 458,000 in December.

Numbers 230

Numbers Manufacturing Education 230

Calculated Risk

SEPTEMBER 28, 2023

Imports, which are a subtraction in the calculation of GDP, were revised down (refer to “Updates to GDP”). The update primarily reflected a downward revision to consumer spending that was partly offset by upward revisions to nonresidential fixed investment, exports, and inventory investment.

Economics 312

Economics Government Accounting Investing 312

Nerd's Eye View

APRIL 17, 2023

Which is why many advisors seek to leverage client referrals, where their clients refer family members, friends, or colleagues to the advisor. At the same time, asking clients to make referrals (and having the referred individual actually reach out to the advisor) can be challenging.

Financial Planning 246

Financial Planning Clients Planning Marketing 246

Nerd's Eye View

AUGUST 30, 2024

Nonetheless, given that adding services requires an investment on the part of the firm (often in the form of increased staffing to offer high-touch services and add needed expertise), firms appear to be analyzing the costs and benefits of offering these services in-house versus adding value to clients by referring them to trusted professionals in these (..)

Financial Planner 241

Financial Planner Financial Advisor Retirement Clients 241

Nerd's Eye View

MARCH 24, 2025

Additionally, having a one-stop reference sheet with resources – such as compliance guidelines and broker-dealer help desk contacts – can minimize routine questions and streamline the learning curve throughout the onboarding process!

Planning 130

Planning Clients Financial Planning Communication 130

Calculated Risk

JUNE 29, 2023

Imports, which are a subtraction in the calculation of GDP, were revised down (refer to "Updates to GDP"). The updated estimates primarily reflected upward revisions to exports and consumer spending that were partly offset by downward revisions to nonresidential fixed investment and federal government spending.

Government 266

Government Economics Investing Investments 266

Investment Writing

MARCH 18, 2025

It’s a good idea to pick a major style guide, such as the AP Stylebook , to use as your reference for common questions. How I create style guidelines for my clients For my editing clients, I create style guidelines for my own reference. Do headings randomly mix sentence case and title case? They help me to be consistent.

Financial Services 103

Financial Services Healthcare CFP Numbers 103

Calculated Risk

OCTOBER 27, 2023

Here is the CES Strike report for October released this morning: This shows a total of 48,100 workers on strike in October, 30,400 new (mostly UAW), and no strikers that returned to work for the October reference period (contains the 12th of the month). This will reduce employment gains in October.

195

195

Calculated Risk

MAY 2, 2024

. • Unemployment Claims: The weekly claims report showed the same number of initial unemployment claims during the reference week from 212,000 in March to 212,000 in April. COVID: As far as the pandemic, the number of patients hospitalized during the reference week in April was around 6,000, down from 10,000 in March.

Manufacturing 195

Manufacturing Numbers 195

Nerd's Eye View

MARCH 11, 2024

refer others to) the advisor. After identifying potential clients who might serve as good "active promoters", advisors can take the next step by asking clients whether they'd be willing to refer people in their networks who might benefit from the advisor's services.

Clients 246

Clients Media Accounting Management 246

Nerd's Eye View

MARCH 11, 2024

refer others to) the advisor. After identifying potential clients who might serve as good "active promoters", advisors can take the next step by asking clients whether they'd be willing to refer people in their networks who might benefit from the advisor's services.

Clients 246

Clients Media Accounting Management 246

Calculated Risk

JUNE 8, 2023

Negative equity, also referred to as underwater or upside-down mortgages, applies to borrowers who owe more on their mortgages than their homes are currently worth. As of the first quarter of 2023, the quarterly and annual changes in negative equity were: Click on graph for larger image. million homes or 2.1% of all mortgaged properties.

Numbers 363

Numbers Distribution Accounting 363

Calculated Risk

DECEMBER 22, 2022

For more information, refer to "Updates to GDP.". The updated estimates primarily reflected upward revisions to consumer spending and nonresidential fixed investment that were partly offset by a downward revision to private inventory investment. Real gross domestic income (GDI) increased 0.8 percentage point from the previous estimate.

Economics 240

Economics Investing Investments 240

Calculated Risk

SEPTEMBER 2, 2022

. • Unemployment Claims: The weekly claims report showed an increase in the number of initial unemployment claims during the reference week (includes the 12th of the month) from 261,000 in July to 245,000 in August. This would usually suggest fewer layoffs in August than in July.

Manufacturing 204

Manufacturing Numbers 204

The Big Picture

JUNE 30, 2023

Consider these gains in light of yesterday’s discussion about belief systems and thought processes , Only this time, instead of referring to anti-vaxxers and insurrectionists, think about all you heard from the fund managers, economists, strategists, and assorted pundits who freely opined on where this market was going to go in 2023.

Numbers 325

Numbers Investing Investments Management 325

Calculated Risk

APRIL 4, 2024

. • Unemployment Claims: The weekly claims report showed a larger number of initial unemployment claims during the reference week from 202,000 in February to 212,000 in March. COVID: As far as the pandemic, the number of patients hospitalized during the reference week in March was around 10,000, down from 17,000 in February.

Manufacturing 195

Manufacturing Numbers Economy 195

Pragmatic Capitalism

SEPTEMBER 19, 2022

While the media has traditionally referred to a recession as 2 quarters of negative GDP the White [ … ] New episode of Three Minute Money here. Is the USA in a recession?

Media 176

Media 176

Calculated Risk

NOVEMBER 4, 2022

Housing economist Tom Lawler noted this in early 2021 : "As I’ve noted before, the inventory measure in most publicly-released local realtor/MLS reports excludes listings with pending contracts, but that is not the case for many of the reports sent to the NAR (referred to as the “NAR Report!”), Since the middle of last Spring inventory measures excluding (..)

Sales 246

Sales Accounting Marketing Marketing 246

Calculated Risk

APRIL 6, 2023

. • Unemployment Claims: The weekly claims report showed an increase in the number of initial unemployment claims during the reference week (includes the 12th of the month) from 217,000 in February to 247,000 in March. This would usually suggest more layoffs in March than in February.

Manufacturing 219

Manufacturing Numbers Economy 219

The Big Picture

AUGUST 23, 2023

– “ Art ” refers to the fact that this is not a science, and there is no single optimal solution for everybody. – “ Imperfect information ” refers to the fact that no one can possibly know all there is to know at any given moment. There is a lot of nuance packed into those 17 words.

Investing 246

Investing Investments Asset Allocation Healthcare 246

Calculated Risk

SEPTEMBER 1, 2022

He wrote : As I’ve noted before, the inventory measure in most publicly-released local realtor/MLS reports excludes listings with pending contracts, but that is not the case for many of the reports sent to the NAR (referred to as the “NAR Report!”), Since the middle of last Spring inventory measures excluding pending listings have fallen much more (..)

Sales 246

Sales 246

Nerd's Eye View

AUGUST 23, 2022

In this episode, we talk in-depth about how Shari developed her 5-prong “Maximize the Return on Life” approach with clients and how she and the rest of the advisors in her firm iteratively built over time their “CFO Family Checklist” of planning issues to discuss with clients, how Shari’s firm uses the Diamond Teams approach (..)

Clients 245

Clients Planning Financial Advisor Financial Planning 245

Calculated Risk

SEPTEMBER 8, 2023

Negative equity, also referred to as underwater or upside-down mortgages, applies to borrowers who owe more on their mortgages than their homes are currently worth. Natural disasters and related risks also play a substantial role in home equity changes.” million homes or 2% of all mortgaged properties. million homes or 1.9%

Numbers 320

Numbers Distribution Accounting Marketing 320

Abnormal Returns

JULY 24, 2023

vulture.com) Every single movie reference in the 'Barbie' movie. (variety.com) Despite what you might have heard 'Oppenheimer' is not over the top. theringer.com) In praise of 'Allan' in the 'Barbie' movie. time.com) Global The European economy was struggling even before the Ukraine war.

Financial Advising 246

Financial Advising Startup Economy Economics 246

Abnormal Returns

NOVEMBER 2, 2022

newsletter.abnormalreturns.com) Mixed media Two questions to ask during a reference check. (abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. hunterwalk.com) Toxic workers are bad for business. klementoninvesting.substack.com).

Portfolio 245

Portfolio Financial Advising Medical Retail 245

Nerd's Eye View

JUNE 13, 2023

We also talk about how Danika’s former career in corporate finance at a number of tech startups inspired her to work with women in tech, as she realized that she understood the financial issues they faced and by being specifically niche-focused, she could create more repeatable processes and it would be easier to scale the business over time, (..)

Financial Advisor 246

Financial Advisor Clients Startup Financial Planning 246

Calculated Risk

OCTOBER 4, 2023

Workers on strike during the reference week are not counted as employed in the BLS employment report. Every month, on the Friday before the release of the employment report, the BLS releases the CES Strike Report showing the number of workers on strike during the reference period. Note that the reference week for October is next week.

Numbers 150

Numbers 150