The Takeaway: Civil War breaks out in ETF Land

Portfolio

Vanguard’s “boring” Wellington Fund doesn’t really care what you think of its boringness. (Morningstar)

Ray Dalio’s Bridgewater is now bullish on oil and stocks. Who knew? (The Reformed Broker)

There’s a fascinating civil war going on right now within the ETF complex – the age old active versus passive debate has found a new battleground. (Investment News)

The Biz

A notable departure at PIMCO. (Morningstar)

Why aren’t you getting more client referrals. Because you’re a punk. No, just kidding, here’s why: (Investment News)

Financial advisors have seen quite a pay increase in the last three years. (Financial Planning)

Outliers

UBS Will No Longer Slash Expenses “Like A Jewish Shopkeeper” (Dealbreaker)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.