<b>The Takeaway:</b> Merrill’s thundering herd — of RIAs

PORTFOLIO

Special dividends and the year-end market set-up. (Capital Observer)

The worst week for mutual fund outflows for all of 2012. Rock on. (Focus On Funds)

THE BIZ

Bob Clark on why the brokerage model isn’t dead yet. (AdvisorOne)

Merrill ripping advisers out of every brokerage on The Street. (WealthManagement)

Speaking of Merrill, the Herd is getting holistic with its new training regime. (Reformed Broker)

Stockbrokers, repeat after me: I will not borrow money from my clients. (Broke and Broker)

OUTLIERS

Barclays fires its Libor manipulators who weren’t smart enough to quit. (Dealbreaker)

***

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.