<b>The Takeaway:</b> Why the race is on to scale up your practice

Portfolio

The July Mutual Fund Observer is out – why it’s impossible to categorize long/short funds.  (Mutual Fund Observer)

The thing about investing in tech is that shareholders are not promised a return commensurate with the innovation.  (The Reformed Broker)

Larry Swedroe goes hard at the active management “liars”  (Index Universe)

The big development from Q2? Dividends jumped by 15%!  (Crossing Wall Street)

July is a poretty good month for the S&P.  (Avondale)

The Biz

Finra has a highly-profitable 2012 thanks to investment portfolio gains and fining/arbitrating a lot of brokers.  (Investment News)

You might want to scale up your practice – here’s why:  (Advisor One)

Full speed ahead for the trend of hedge funds becoming mutual funds or so-called “liquid alts”  (All About Alpha)

The mystery of the advisor who scammed 19 NHL players is still unraveling – where are those millions of dollars?  (Fortune)

Outliers

Why so many prominent hedge funds are struggling right now.  (Business Insider)

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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.