The Takeaway: Some advice for BlackRock's Larry Fink

JUN 19, 2013
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)   *** 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.

Latest News

RIA dealmaking accelerates as three firms hit AUM milestones
RIA dealmaking accelerates as three firms hit AUM milestones

Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing

VastAdvisor closes $1 million SAFE round from advisor-side backers
VastAdvisor closes $1 million SAFE round from advisor-side backers

Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.

Wells Fargo adds three advisor practices as recruiting rebound continues
Wells Fargo adds three advisor practices as recruiting rebound continues

New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.

UBS will pay advisors 'handsomely' for banking starting next year
UBS will pay advisors 'handsomely' for banking starting next year

Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.

SEC accuses Tricolor executives of hiding $800 million collateral hole
SEC accuses Tricolor executives of hiding $800 million collateral hole

How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income