CE/CPE Status
Organization Status Course/Sponsor ID
NASAA — Products and Practice Submitted
NASBA Approved Provider 123362
IWI Submitted 26A4AI31533
CFP Board Submitted  354485

NASAA does not endorse any particular provider of IAR CE courses. The content of the course and any views expressed are our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions. 


October Live Class

Last updated October 12, 2026

Strategic Investing With Fritz Meyer

Fritz Meyer examines September payroll growth and job openings alongside business surveys, household wealth and consumer finances. 

New evidence of the wealth concentration held by older Americans supports Fritz's thesis on spending resilience. 

Participants evaluate the lower third-quarter GDPNow estimate, AI and productivity, updated earnings expectations and stock valuations.

The class also addresses the Federal Reserve’s September rate increase, inflation, Treasury yields and federal funding pressures, using historical context to explain investment risk and the limits of forecasts.

Learning objectives:
This class presents an opportunity to learn to: 
  • Test war and AI concerns. Evaluate the cited 4% average stock-market decline around geopolitical events and 10% workforce growth over two years among AI adopters, explaining why these observations cannot guarantee future market or employment outcomes.
  •  Identify expansion despite mixed signals. Interpret September manufacturing PMI of 54.5 and services PMI of 54.9, with new orders at 55.3 and 59.8, to explain continued expansion alongside housing weakness.
  • Explain the hiring slowdown. Assess September’s 29,000 payroll gain and 4.2% unemployment alongside 7.1 million openings and 7.1 million job seekers, distinguishing weaker demand from demographic constraints on hiring.
  • Explain the age divide in spending power. Analyze the cited 2022–2025 wealth increase of 37% for Americans 75 and older versus a 23% decline for those under 35, alongside 5.6% year-over-year disposable-income/outlay growth and 4.1% saving.
  • Distinguish bank reserves from spendable balances. Explain why the deck’s fourfold expansion of the monetary base under quantitative easing differed from fiscal transfers that increased M2 by placing funds directly in household and business accounts.
  • Reconcile competing growth forecasts. Compare the decline in annualized third-quarter GDPNow from 4.4% to 3.6% with the Conference Board’s 1.9% 2026 forecast, distinguishing quarterly estimates from annual forecasts and productivity-driven growth potential.
  •  Explain compounding and the equity premium. Use the deck’s approximately 10% historical annual total return, combining 7.9% price appreciation and 2.1% from reinvested dividends, to explain curved arithmetic-scale charts, straight logarithmic trends and compensation for volatility.
  • Test the earnings support for valuations. Evaluate projected operating EPS of $365.38 in 2026 and $423.08 in 2027, representing 34.7% and 15.8% growth, against forward P/E ratios and the risk that forecasts disappoint.
  • Separate policy changes from projection measures. Explain the September rate hike to 3.75%–4% and the rise in median 2026 PCE inflation to 3.7%, despite an unchanged 3.5%–3.7% central tendency, when interpreting yields and equity risk.
  • Evaluate Social Security funding alternatives. Analyze the proposal to remove the $184,500 wage cap on the 12.4% Social Security payroll tax and compare consumption-tax alternatives, explaining effects on revenue and higher earners without treating proposals as law.

Instructor. Fritz Meyer is an independent economist who has taught monthly on Advisors4Advisors since March 2011. He previously spent more than a decade as a senior investment strategist at one of the world’s largest investment companies and has no product affiliations.

Individual class: $39.99. A4A quarterly recurring membership is $69.99. Existing members should sign in with their A4A account to check course access before purchasing.

Course curriculum

    1. Instructions

    2. Webinar — Tuesday, October 13 at 4:00 p.m. ET

About this course

  • $39.99
  • 2 lessons
  • 0 hours of video content

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About the Instructor

Fritz Meyer

Fritz Meyer, an independent economist, has taught on Advisors4Advisors monthly since March 2011. His classes averaged a rating of 9.7 (out of 10) for any 12 month period year after year. Fritz previously was senior strategist at one of the world's largest investment companies for over a decade. He has no product affiliations, and his classes are solely member-sponsored.

LIVE IAR CE; CFP CE And CPA CPE

Advisors4Advisors is approved as a CE and CPE provider by:

  • CFP Board, which regulates CE for Certified Financial Planners.
  • North American Securities Administrators Association. NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are those of the instructor and do not necessarily reflect the views of NASAA or any of its member jurisdictions.
  • National Association of State Boards of Accountancy (NASBA) as a Quality Assurance Service (QAS) Self-Study Provider, enabling CPA CPE credit for on-demand as well as live webinars. State boards of accountancy retain final authority on course acceptance. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors at www.nasbaregistry.org.
  • Investments & Wealth Institute, enabling credit for CIMA®, CPWA®, and RMA® professionals.


For information on administrative policies, such as refunds, cancellations, and complaints, email [email protected].

At this LIVE webinar, CIMAs, RMAs, and CPWAs as well as CFP professionals are eligible to earn CE. So are CPAs and IARs, but they must respond to three polls and attend for at least 50 minutes.      


Learning Experience

This one-credit-hour live class features Fritz Meyer’s live presentation and supporting materials. Complete the content by watching the webinar. 


Complete the following to earn credit:

  • Watch the speaker and presentation.
  • Complete three polls, if applicable.
  • Submit a satisfaction survey.

CFP Board, IWI and NASAA credit are filed by Advisors4Advisors.   

CPAs are emailed certificates of completion.  

Who Should Attend
State-registered IARs subject to NASAA CE requirements;  CPAs, CPA/PFS professionals, and CIMA®, CPWA®, RMA®, and CFP® professionals who want to identify and address the barriers preventing clients from implementing sound financial advice.

Education Details

Cost: $39.99 or free to Advisors4Advisors members ($59.99/Qtr.)

Prerequisites: None

Advanced Preparation: None

Course Level: Update/Intermediate

Course Delivery Method: Live on the Internet  

CPE Field of Study: Finance  

IAR CE Category: Products & Practices