Ready to become a client magnet?

We created this recap in less than 5 minutes using the Share Scoops Pro Content Suite -and you can do the same.

Become your clients and prospects’ go-to resource while saving hours each month. Advisor’s Edge readers get an extra 20% off their annual plan when they sign up for a free 30-day trial of the Complete Suite with code AE30DAY - no commitment required.
See how effortless it can be to attract and engage clients!

Advisor's Edge Highlights of the Month from Share Scoops!

Frequently Asked Question❓ 

How can I help my child get scholarships?

Answer at the bottom of the newsletter

The global economy is holding up better than expected.

The global economy is holding up better than expected. The Organisation for Economic Cooperation and Development (OECD) is feeling more optimistic than it did at the start of the year, increasing its forecast for 2025 global economic growth to 3.2%, as substantial investment, especially in artificial intelligence and government spending in places like China, made economies surprisingly resilient this year. The United States is still expected to slow down, but less than expected, with 1.8% growth instead of the 1.6% previously forecast. However, the OECD warns that the world is not out of the woods yet. New US tariffs, charging as much as 50% on imported products, could reduce corporate profits as businesses absorb the costs. This means businesses and families might start feeling the pinch at the checkout and in the job market as trade slows and goods get pricier.

Americans kept spending in August, but younger and lower-income households are feeling the pinch.

Americans kept spending in August, but younger and lower-income households are feeling the pinch. According to Bank of America’s latest customer data, spending rose by 0.4% at the end of summer, up 1.7% from last year. Spending picked up at electronic and furniture stores, and restaurant spending hit new highs. Most households still have bigger savings cushions than before the pandemic, despite slower wage growth for many. The wealth divide keeps widening. Spending among higher-income households was 2.2% higher than last year, while lower-income spending was nearly flat. Gen X and Millennials are tightening their budgets the most. Gen Z is doing relatively better. The slowdown in wages and hiring is starting to impact younger workers the most. Gen Z and Millennials saw a sharp 11% increase in the number of households receiving unemployment payments. It’s a good sign for businesses that shoppers keep spending, but companies may need to adapt to shifts in their customer base.

Small businesses are still doing pretty well, but they've cut back hiring plans.

Small businesses are still doing pretty well, but they've cut back hiring plans. Bank of America’s latest customer transaction data revealed that small business profitability was 0.5% higher in August than a year ago, the same pace as July’s growth. Despite the resilient profits, business owners have been cautious with hiring, with payments to recruiting firms down over 6% from last year’s average, the lowest in more than two years. That slowdown is mostly in retail and services, while small construction and manufacturing companies actually ramped up staffing, with hiring payments more than 30% above their 2024 average. Small businesses are continuing to invest in technology to stay competitive, but have started to pull back on business travel, with travel spending down 3% from last year. For workers, this means job opportunities depend more on industry, while owners may need to navigate rising costs and more selective hiring.

Your Advisor's Edge Team

💡 Answer to the Question:

Scholarships can play a big role in cutting college costs, especially at private schools. Starting research early, ideally in the first or second year of high school, can give your child an edge. Strong grades, extracurriculars, and leadership roles all help make them more competitive. With thousands of scholarships available—ranging from merit-based to those tied to specific talents or demographics—applying for as many as possible, including smaller ones, can really add up. Writing strong essays and staying organized with deadlines are essential. Don’t forget about essay contests, video competitions, and employer-offered scholarships as additional opportunities.

Watch this 6 minute video about how to import anyone else's social media networks and turn them into leads for your business: Watch HERE!

Watch this 7 minute video about how to direct message anyone who interacts with your online ads, or your competitor's ads: Watch HERE!

Want to Grow Your Business with a Podcast? Grab a copy of my new book here: Ultimate Podcast Book