<b>The Takeaway:</b> Advisers delighting in gold comeuppance

Portfolio

Stocks rolling over again – earnings reports so far have been just okay, not enough. (MarketWatch)

How far can this correction go – and are we officially admitting we’re having one yet? (The Reformed Broker)

Financial advisers take delight in the plummeting of gold and commodities. (BusinessWeek)

When will emerging markets catch up with developed world stocks? (AllianceBernstein)

The Biz

Morgan Stanley swings to a profit, largely driven by strength in the FA, wealth management biz – just like Merrill pulled for BofA this quarter. Noticing a trend? (DealBook)

The Super-Wealthy families in Tiger 21 are going heavily into private equity. Perhaps it’s the high correlation to stocks that they love? Maybe it’s the illiquidity. Or no, it’s gotta be the obscenely high fees. Who knows? (Advisor One)

Michael Santoli: Sorry, no one’s making money in the market from Twitter. (Yahoo Finance)

BlackRock is forming a “Council” to help RIAs. There will be six dwarves, four hobbits and elf and a wizard on this council, it sets off for Mordor at morningtide. (Investment News)

“You’re done in this business! I’ll run you over with my car!” and other workplace perks you get with a Series 7. (Dealbreaker)

Outliers

Help! My financial advisor might be a violent psychopath! (News-Leader)

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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.