Triavarte's Adam Parker was interviewed on CNBC Closing Bell Friday. The video is available via CNBC Pro (fee) which I do not subscribe to.
https://www.cnbc.com/video/2023/11/10/pro-watch-cnbcas-full-interview-with-trivariates-adam-parker-and-requisites-bryn-talkington.html
Included was a discussion of small caps. He stated (paraphrasing) we are at least 3-6 months away in this bizness/market cycle from SCs being a proper/correct play.
.....

Ooopsy! With the RUT UP almost 5% today, so much for that projection!

Regular account trades are routed under "payments for order flows" and that is how they distinguish the Pro account commissions.
Fidelity doesn't get payment for order flow on equity trades (it does on commodities).
Neither does Merrill. And they don't charge a commission to give you best execution.
Brokers may also go a step further. If they're not getting payment for order flow, they might enable you to route your orders yourself. You get that with IBKR Pro, and at Fidelity using Active Trader Pro.
Fidelity Help - Active Trader Pro routes available
https://www.fidelity.com/products/atp/help_10.3/ActiveTraderTools_Trade_Help.html#availableroutes
Fidelity Active Trader Pro Directed Trading User Agreement
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fidelity/ATPDirectedTradingUserAgreement10-2.pdf

Currently, uncle David says there are selective opportunities in Yoots and Junk bonds.

I tried to use their mutual fund search tool and asked the tool to give me all the US equity funds. I received a "There are 0 results." I am sure they offer more than 0 US equity mutual funds but could they make their website a little bit more friendly?
https://www.interactivebrokers.com/en/trading/fundscanner.php#/
The problem is with the data, not the tool. Do a search for stock funds, not equity funds. VMVFX is reported as a stock fund. The stock fund search still won't get all stock (equity) funds because the database reports many funds, such as VHCAX, as being of type "N/A".
Go to the link below which talks about incoming wires and is silent about outgoing wires - https://www.interactivebrokers.com/en/support/fund-my-account.php?cid=f035942a-e8ad-4d5e-b105-249bcbe6ba32
For withdrawal fees, click on "Withdrawals and Physical Deposits" on this page:
https://www.interactivebrokers.com/en/pricing/other-fees.php

IBKR allows one free withdrawal request per calendar month. After the first withdrawal (of any kind), IBKR will charge the fees listed below for any subsequent withdrawal:
$10.00 (Bank Wire/Transfer); $4.00 (Checks); $1.00 (BACS/GIRO/ACH/EFT/SEPA)

Under ACH transfers, it says, "Limited to $100,000 per seven days." Hotel California?
More precisely, that is under the heading: "Connect Your Bank via ACH". The limit applies to ACH pulls from your bank. ACH pushes by your bank to IBKR are described under "Direct ACH Transfer from your Bank" and are unlimited.
Funds pushed by your bank "are available for withdrawal [from IBKR] three business days after being deposited." Not unusual. OTOH, funds pulled from your bank "are available for withdrawal to the originating bank account after five business days. If you wish to withdraw the funds to an account other than the originating bank account, the hold period is 44 business days." Emphasis in original.
You can check in any time you like (up to $100K/week), but you can rarely leave (for 44 days). Welcome to the Hotel IBKR.

LCR appears to be within my risk/reward bumper rails. 1/3/2020 inception. New mgt 2011 LCORX. On my watch list. Fund of funds.

I have not been to a Schwab branch in more than a decade. I like to not have to interact with customer service at any brokerage but if something goes wrong, the customer service needs to be available and be competent and not just BS away. Many posters in this forum know more about the large brokerages' products and services (and SEC rules) than many, many customer service reps at those brokerages.
From my quick review, it appears the Pro account has a minimum fees of $10 per month (reduced by commissions paid during the month). I will accept that fees if I never have to contact their customer service.
I tried to use their mutual fund search tool and asked the tool to give me all the US equity funds. I received a "There are 0 results." I am sure they offer more than 0 US equity mutual funds but could they make their website a little bit more friendly? I can live without using IBKR for mutual funds but not with an uncooperative website.
I tried to figure out if I can wire funds from IBKR to other brokerages and banks and how much IBKR would charge. Go to the link below which talks about incoming wires and is silent about outgoing wires - https://www.interactivebrokers.com/en/support/fund-my-account.php?cid=f035942a-e8ad-4d5e-b105-249bcbe6ba32
Under ACH transfers, it says, "Limited to $100,000 per seven days." Hotel California?
I am sure IBKR has more wide ranging capabilities than other large traditional brokerages but I first need a brokerage to do basic things well before getting excited about trading stocks on foreign exchanges.
IBKR is very profitable (unlike HOOD) and so they must be doing something right.
Regular account trades are routed under "payments for order flows" and that is how they distinguish the Pro account commissions.

From my quick use, IBKR research tool is a bit flimsy (non-existent?) for mutual funds. ( I wonder how good their research tools for other products are.). The $15 transaction fees mentioned earlier is for each leg.

Customer service exists at IBKR as long as you are not too keen to use it :) On a 1-10, if you think walking into a Schwab shop to get your needs attended has a success rate of 7 or 8, I think IBKR might feel disappointing. The reason is they have a very efficient process all around. They expect that people come to IBKR know what's what. THeir websites are far more thorough with all the bells and whistles. They have chat and phone customer service and they are very helpful but its not a shop like schwab.

Just posted all ratings to MFO Premium site through October using Refinitiv's data drop dated 10 November.

TCIFX is the "Wellesley" version with 30-50% stocks, 50-70% fixed-income. Ticker TCIFX is not recognized by MFO, M*, Yahoo Finance, but Bloomberg shows it as pending. https://www.bloomberg.com/quote/TCIFX:US#xj4y7vzkg
The SAME 2 managers (Giroux, Shuggi) are listed now as in 2017. So, the excuse of some "...internal job transition involving the fund's then co-portfolio manager" may only hint that Giroux "demanded" a better role for him, and "got it" through the creation of is separate unit within Rowe Price "for him". Giroux is now a big shot at Rowe Price (CIO, unit head, portfolio manager). Now, he can play ball again - TCAF, TCIFX, etc.
https://www.troweprice.com/financial-intermediary/us/en/search.html/biokey/3616ee1e-20a0-48e6-840b-748b73b32d6c
https://en.wikipedia.org/wiki/David_R._Giroux

@WABAC, it's the non-selectivity of SC indexes that is the problem (not just Vanguard index funds). This is true of R2000 and Extended-Market/Completion indexes (Total market minus SP500 or R1000). In being comprehensive, these SC indexes have lots of garbage - up to 40% of companies are losing money. To many pure indexers, this is fine as they object to any index modifications.
IF indexing SC, a better index is S&P SC 600 with ETFs IJR, SPSM.

Even then I prefer more selective index slices than provided by cap-weighting alone.
And I never gave up on active management. The main issues have been availability and cost. Active etf's solve that. And it seems that people are interested.

@WABAC, it's the non-selectivity of SC indexes that is the problem (not just Vanguard index funds). This is true of R2000 and Extended-Market/Completion indexes (Total market minus SP500 or R1000). In being comprehensive, these SC indexes have lots of garbage - up to 40% of companies are losing money. To many pure indexers, this is fine as they object to any index modifications.
IF indexing SC, a better index is S&P SC 600 with ETFs IJR, SPSM.

Suppose one makes 100 predictions and bets on $1 on every prediction thats one thing. But of course a trained market participant should do better. It’s not just the prediction but also a matter of how the market is priced for that prediction and as a result what kind of odds one can get of that prediction is right and the level of confidence is high. Then instead of betting $1 bet a bigger size. Sizing matters. Think of an equal weighted fund versus barons fund holding 60% in Tesla. Sizing matters. Ron Baron talks bullish about many stocks but he didn’t size them equally. He sized Tesla. That’s an example. Hope that helps.

Thanks for the explanation. I figured it was something along the line of putting your money where your mouth is. I haven't seen sizing as the term of art for that. My prediction is: Odds are I will now see it used that way everywhere. :)
Invesco recently sized their equal-weight S&P 400 fund into a mid-cap version of SPGP. And I recently sized several sprawling Vanguard index funds right out of my life. Invesco, and I, moved our money where our predictions are. We will live with the consequences of our prediction in ways that the talking heads seldom do.

Suppose one makes 100 predictions and bets on $1 on every prediction thats one thing. But of course a trained market participant should do better. It’s not just the prediction but also a matter of how the market is priced for that prediction and as a result what kind of odds one can get of that prediction is right and the level of confidence is high. Then instead of betting $1 bet a bigger size. Sizing matters. Think of an equal weighted fund versus barons fund holding 60% in Tesla. Sizing matters. Ron Baron talks bullish about many stocks but he didn’t size them equally. He sized Tesla. That’s an example. Hope that helps.

Clients may earn interest on positive settled cash balances.
Accounts with a Net Asset Value (NAV) of USD 100,000 (or equivalent) or more are paid interest at the full rate for which they are eligible. Accounts with NAV of less than USD 100,000 (or equivalent) receive interest at rates proportional to the size of the account. There will be no interest paid on the first USD 10,000 of cash.

https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php
Since the first $10K earns no interest, you can only earn a blended rate up to but not including the "full rate". And that's assuming that your total account value is at least $100K, else your earnings are prorated (multiplied by account value/$100K)
In case that isn't clear, the page has a handy dandy calculator.
The full rate is "benchmark - 50 basis points" for a "Pro" account and "benchmark - 150 basis points" for a "Lite" account.
What's the benchmark? Currently 5.330%
https://www.interactivebrokers.com/en/pricing/reference-benchmark-rates-int.php
Note that this is on settled cash. You might be losing out on a day's interest relative to a broker like Fidelity where its MMFs pay divs starting the first business day after purchase, though that may have been purchased with proceeds of a sale that doesn't settle for two days (T+2).

Shares purchased by ... orders [other than by wire] generally begin to earn dividends on the first business day following the day of purchase.

FDRXX prospectus
This is not a sweep account. Cash is not swept from the brokerage into a government MMF (as at Fidelity) or into FDIC-insured banks (as at Schwab). Rather, the cash just "is" - a general liability of the brokerage. This is called a free credit balance. At IBKR it gets $250K of SIPC coverage plus $900K of excess SIPC coverage via Lloyd's of London. Though if you go "Pro", you can get FDIC coverage.
https://www.interactivebrokers.com/en/general/security-investor-protection.php
"Pro" means paying commissions on all trades in exchange for lower margin rates, higher interest rates, etc.
https://www.interactivebrokers.com/en/trading/why-ibkr-lite.php
(Click on blue "Compare Plans" button near bottom of page.)

Steve Rommick is also one of the managers on another allocation fund, SOR. Source Capital is an allocation CEF that has beaten the 60/40 bogey the fund uses over the past 1 yr and 3 yr periods, but it has not done so for longer periods. Rommick didn't start managing it until 2015, FWIIW. SOR at last report held 20% in non-US stocks. Hard to say what overlap there might be among FPACX, SOR, and the new ETF.

The Week in Charts (11/12/23)
The most important charts and themes in markets, including...
00:00 Intro
00:16 The Tremendous Two (Apple & Microsoft)
03:35 The Fantastic Four (Apple, Microsoft, Google & Amazon)
06:41 The Enormous Eight (Apple, Microsoft, Google, Amazon, Netflix, Tesla, Meta, & Nvidia)
12:16 2023: The Inverse of 2022
14:56 Rising Debt/Delinquencies (Credit Cards, Auto Loans)
19:07 Next Inflation Report: Likely to Decline
21:51 Higher Real Central Bank Rates (Today vs. 2 years ago)
25:37 Spending on Experiences (Concerts, Travel)
27:38 Is Housing Supply Starting to Normalize?
30:41 From $47 billion to $0 (WeWork)
32:40 Outpacing Inflation With I Bonds (updated rates)
Video
Blog

As one of the affected users :-( I can assure you that that message is not for naught. My account still reads "At the close of business on November 1, 2023 ..."
I'm glad it works for you and for others, and perhaps for 99% of TIAA users. Really I am. Unfortunately, that doesn't help me.
In the past I've been accused of being a high maintenance customer. But it's not me, it's them ...
In my account, if I go to Actions, "Daily Summary" produces a page that reads (top right): Daily Statement as of 11/1/23. At the bottom of the page it says:
"Daily Statement Printed on 11/12/23 at 03:53 PM ET"
In my friend's account, Actions, "Daily Summary" produces a page that reads (top right): Daily Statement as of 11/10/23. At the bottom of the page it says:
"Daily Statement Printed on 11/12/23 at 03:58 PM ET"
And there's no way for me to get to a trading/exchange page for my account. Different products go off into different sections of the website. The retail wing (or at least my part of it) has flown the coop.

@Investor Your last sentence, " In investing, perfection is the enemy of good enough returns. " What would you consider, good enough return, 5% , 10% & in what time space ? I'm sure age of investor would have something to be considered.
Thanks for your time, Derf

It is hard to pin a absolute value for the good returns. For different decades there has been different good returns. Sometimes 1% is a good return for a decade and 20% is a bad return for another.
If you look very long periods say rolling 15-20 years, good returns have been around 7-9% range which include multiple crashes and booms. If your time horizon is not that long or you cannot accept the volatility of such long periods, then good returns associated with reduced portfolio risk will also be less.

I logged into TIAA again today, Sunday, 12:45pm (Central), 11/12/23..
I see the same message still, "We are currently experiencing an operational outage with one of our vendors, and the systems are unavailable, with no estimated time for resolution. This outage could last several days. Current account values are unavailable. General product inquiries may be directed to the service center at 877-694-0305."
Balances shown are as of 11/10/23.
Exchanging VAs/funds screen works.
Activity page opens but I have no recent activity.
Vintages page/tab opens for my TIAA Traditional SV.
These are the things that I typically use.
Because TIAA has been keeping the message on, some users may still be affected, or some one forgot to turn it off.