Investment News: …the RIA channel is likely to control some 28% of the market by 2018, according to research firm Cerulli Associates. The RIA channel, which comprises approximately 15,800 firms managing $2.4 trillion in assets, currently manages some 19.8% of retail investor assets and represents 18.6% of adviser headcount, according to Cerulli. The research firm…

No linkfest this morning as I’m scrambling to take care of 90 different things at once. I do have one that you should check out – Joseph Cotterill explains why, no, this is not 1998 all over again for Russia at FT Alphaville. Thankfully, the financial web has a deep bench with lots of curation…

Peter has something to get off his chest. Posted in full with his permission, an open letter to the Fed. Hope you enjoy! – JB *** Dear Federal Reserve: As we approach your last get together of the year I first want to wish you all great holidays and a happy and healthy new year. I…

Source: Washington Post via Bill F

Another year in the books and I’ve updated my Investing Fads and Themes by Year guide accordingly. It begins with 1996 because that was my first summer working on The Street and my earliest exposure to the market. I do this every December because I agree with the eminent philosopher Bob Marley in that “If you know your history,…

Regular readers know I’m not a fan of forecasts, but I do love cogently argued takes on whether or not current trends can persist into the near future. I also find it valuable to get a sense of what The Street’s expectations are and to think about whether or not I agree with them. Bank…

Oh boy. Barron’s is out with it’s 2015 Outlook issue this weekend and, of 10 major Wall Street strategists, they couldn’t find a single bear. Something tells me my friend Peter Boockvar is giggling to himself as he reads it. Full article at the link below: Outlook 2015: Stick With the Bull (Barron’s)  

via the Manual of Ideas – a new, important nugget of wisdom from Oaktree’s Howard Marks on professional investment management: