The Takeaway: High yield, preferred ETFs launch into orbit

Portfolio

Your favorite blogger was at the Ira Sohn Conference yesterday and took copious notes for you.  (The Reformed Broker)

Capital Spectator: Stop messing around with the components of your asset allocation and focus on the progress of the whole portfolio.  (Capital Spectator)

Now listen, I don’t want to set off any alarm bells – but have you seen the charts of high yield bond ETFs lately? How about preferreds?  (Bespoke)

The Biz

How many financial advisors had PTSD after 2008? All of them.  (MarketWatch)

Three broker-dealers nailed for almost a million in fines for lax AML oversight. Let’s stay aware out there.  (Investment News)

RIA reps: Her’s how we use LinkedI to steal wirehouse clients.  (RIABiz)

Three hidden sources of new prospective business you may be ignoring.  (WealthManagement)

Fidelity: Here’s why some of the top wirehouse producers cling to the mothership (I will tell you the real answer, it’s because they are close to retirement anyway and they’re continuously fed with the accounts of departing brokers, like stones gathering moss.) Okay, heres Fidelity’s politically correct answer:  (RIABiz)

Outliers

Stockbroker flips the script – goes after complaining customer to get unsuitable arb off expunged. Starring Liam Neeson, Rated R.  (Broke and Broker)

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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.