Stuff I'm Reading this Afternoon...

Stocks hitting record highs day after day, if only anyone owned them. (Barron's)

5 tips on doing better index investing. (Rick Ferri)

Twelve investing lessons from Daniel Kahneman. (25iq)

Hedge fund investors withdrew an estimated $10.1 billion from the investment vehicles last month (Focus On Funds)

The average age of a financial advisor is 50 - and they're retiring at an alarming rate. (TIME)

The problem of small accounts for an RIA. (Aleph Blog)

Ultra-high net worth families surveyed plan to buy a lot more stocks. (Think Advisor)

Morgan Stanley wealth management unit posts a massive surge in profit, revenue growth. (WealthManagement)

BlackRock also reported a massive 30% jump in profits as investor cash continues pouring into its funds. (Bloomberg)

The city of Detroit is about to file for the biggest bankruptcy of all time. (Business Insider)