The Takeaway: It's Jack Bogle's world

Portfolio ETFs aren't going to solve investors' bad behavior problems. (Bucks) Goldbugs search for secret conspiracies to explain their massively upside-down positions in the so-called Safety Trade. Keep searching. (Business Insider) The Biz Full-blown penny stock pump-and-dump alleged by Finra this morning in Lower Manhattan. It's like 1996 all over again! (New York Post) Over 75% of wealth management firms surveyed said they have initiatives in place to increase face time with clients. (Financial Planning) Massive profile of Brightscope and the Alfred Brothers. (Investment News) National Financial Partners wealth management rollup goes private for $1.3 billion. (Reuters) Jason Kephart: "It's Jack Bogle's world. The rest of the asset management business is just living in it." (Investment News) The future of advisor benchmarking. (Investment News) Outliers No more Gulfstream jets for JC Penney assistant regional vice presidents. Oh well, was fun while it lasted I'm sure. (New York Post) *** 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.