<b>The Takeaway</b>: Where active managers have an edge

Portfolio

Wanna stay safe in the bond market?  Stick with the less expensive funds, for starters.  (Morningstar)

Ladies and Gentlemen, we’ve finally found a segment of the market where active managers have an edge…  (Focus on Funds)

Piper Jaffray’s Gene Munster on the next big catalysts for the Facebook.  (MoneyBeat)

Why Jeff Saut’s raising cash – the “1 Chip” rule applies here.  (Market Folly)

Jason Zweig: You can “precommit” to certain behavior to keep you from making big timing mistakes.  (Wall Street Journal)

The Biz

Focus Financial snaps up a $400 million RIA in Michigan, it’s fourth deal this year.  (Financial Planning)

Wealthy Americans show a very low inclination to actually retire anytime soon.  (Millionaire Corner)

Are Financial Advisors Experiencing a Crisis of Differentiation?  (Nerd’s Eye View)

Risk-obsessed investing is kind of silly. Why bother investing at all?  (The Reformed Broker)

CFP board clarifies its stance on compensation disclosure.  (Financial Planning)

What is the true role of a financial advisor? (Rick Ferri)

Outliers

Oops! KKR launches a bond closed-end at kind of an awkward time.  (Investment News)

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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.