<b>The Takeaway:</b> Wirehouses second-guess the value of a CFP

Portfolio

A break in the status quo as the S&P prints its first pair of consecutive down weeks since November 2012…now what?  (MarketMontage)

Smart and Stupid Arguments for Active Management  (The Reformed Broker)

Greg Zuckerman: It’s time to become wary of stock prices.  (Wall Street Journal)

New funds in registration, June 2013.  (Mutual Fund Observer)

The Biz

“Some of Wall Street’s biggest brokerage firms are at odds over the bottom-line returns of a CFP title”  (Reuters)

The New ABCs of Mutual Funds.  (Wall Street Journal)

Michael Kitces: Are digital searches replacing referrals as people turn to the web for financial advisor information?  (Nerd’s Eye View)

“My top investment-management priority is to let my clients enjoy their all-too-short summer months with family and friends.”  (Advisor One)

SAC bracing for a new round of withdrawals.  (DealBook)

Outliers

Karl Thunemann attends Barron’s top advisor panel, is regaled by stories of wirehouse epiphanies.  (RIABiz)

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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.