<b>The Takeaway:</b> Some advice for BlackRock’s Larry Fink

Portfolio

FOMC: No change in rates and barely any change in statement. Here’s Neil Irwin’s liveblog:  (Washington Post)

Tom Brakke has some advice for BlackRock’s Larry Fink vis a vis their active manager issues .  (Research Puzzler)

The cost of holding cash.  (The Reformed Broker)

The Biz

Congrats to the Best Financial Advisors for Millenials list!  (MoneyUnder30)

Bill Singer: If you can’t even be bothered to Google a financial advisor then we don’t need you in the gene pool anymore. Brutal, yet awesome.  (CNBC)

LPL announces it now has more than 200 firms custodying over $50 billion with its RIA unit.   (Advisor One) and (RIA Biz)

Raymond James scoops up a new VP of Investments from Merrill Lynch.  (Financial Planning)

I love this throwback look at the old school brokerage technology from the days before the internet.  (WealthManagement)

Outliers

There Will Be No More Of This ‘Without Admitting Or Denying Guilt’ Business On New SEC Chief’s Watch (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.