The Takeaway: Allocators place their bets

Portfolio

El-Erian drops a timely Great and Powerful Oz reference in describing the Fed. (YahooFinance)

Arnott, Stattman and other top asset allocators place their bets for 2013. (Morningstar)

Dan Fuss and Margaret Patel show advisors how they should allocate hypothetical $1.5 million for a 65 year old client. (FA Magazine)

The Biz

Barry Knapp (Barclays) says the stock market has helped American households recoup almost all their losses since 2007. (The Reformed Broker)

UBS: No we’re not getting out of the US wealth management business. (WealthManagement)

“The first two months of 2013 marked net flows of $140 billion into stock and bond funds, the best start for the mutual fund industry on record” (Financial Planning)

ETF sponsors and online brokers use commission-free trading to get exposure for overlooked funds. (Focus On Funds)

Outliers

Happy Birthday Jamie Dimon. I’m sending him a Fudgie the Whale cake from Carvel. (DealBook)

Wall Streeters are in mourning today as reporters expose the Saint Venus Theater. (BusinessInsider)

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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.