The Takeaway: Get this — Warren Buffett’s dad was a gold bug

Portfolio

Why the long bias?  (The Reformed Broker)

BlackRock presses ahead with its target-maturity fixed income ETF suite.  (Investment News)

Riding the decade’s giant winners has meant some massive temporary drawdowns.  (Avondale)

The Biz

Big banks are moving their advisors to salary from commission.  (Financial Planning)

Fidelity kills AdvisorChannel as the new WealthCentral machine rises – a renewed push to capture advisors’ hearts and minds begins.  (RIA Biz)

UBS just jumped ahead of Bank of America as the top wealth manager by assets ($1.7 trillion).  (Bloomberg)

Even the youngest millionaires aren’t expecting much engagement from financial services providers on social media.  (Millionaire Corner)

Advisor Owners: Lose Some Control to Empower Your Employees  (Advisor One)

Outliers

Hey guess what? Turns out Warren Buffett’s dad was a gold bug! (ValueWalk)

***

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.