<b>The Takeaway</b>: Big savings for small advisory firms

Portfolio

Japan defies the naysayers and finally produces a bit of inflation. Is wage growth next?  (Bloomberg)

JPMorgan goes to the top of the pile on its year-end S&P target – 1775!  (MoneyBeat)

Wall Street’s chief strategists vs the S&P 500. For fun.  (The Reformed Broker)

Quick update on Microsoft’s Surface sales…  (BGR)

The Biz

Great news for small advisory firms – you could qualify for up to 50% tax breaks on insurance costs!  (Investment News)

Congrats to Michael Kitces (and everyone else) who made the Investment Advisor 25 most-influential list!  (Think Advisor)

“Sixty-four percent of investors say they want to move assets from mutual funds into exchange traded funds (ETFs), a Spectrem Group Perspective report said.”  (Millionaire Corner)

Active managers don’t do themselves any favors by “losing less” than the benchmark in down-markets.  (Investment News)

Outliers

Texts from Buzzfeed.  (Funny or Die)

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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.

Related Topics: Financial Planning