Portfolio Don't expect much in the way of meaningful action today... (The Big Picture) Jeff Miller's panoramic look at the economic / market week ahead. (Dash of Insight) Matt Schreiber on using capture ratios to build better portfolios. (WealthManagement) The Biz Why Wall Street (and its regulators) are obsessed with Steve Cohen's SAC. (NYT via Business Standard) With $2.6 trillion in money market funds, how should we feel about an industry overhaul? (DealBook) Enter the Financial Blogosphere. (The Reformed Broker) Outliers Nobel Laureate Has Most Awkward Dinner Ever With Financial Advisers He Just Destroyed (Business Insider)
The Reformed Broker, Josh Brown, distills the best of the web each day – and offers some sage advice on social media along the way.
The Takeaway: Christmas Eve Day edition
It's quiet out there...too quiet.
Recommended for you
Sponsored financial news
Commission accounts could be preferable for some clients, and advisers could be incentivized to move from employee broker-dealers to independent channels.
Latest news & opinion
Inflation worries, international rates pushing Treasuries yields higher.
A growing number of states are looking to pass rules preventing exploitation of seniors.
The firm said it lost 47 brokers in the fourth quarter, the most in any quarter of 2017.
Improvement reflect firm's shift of more clients into fee-based accounts priced on asset levels, which boosts results as markets rise.
A plaintiff would have to state in their initial complaint why fiduciary duty was breached, and then prove the violation with 'clear and convincing evidence.'