WealthManagment.com Daily Memo
Wealth Management Daily Memo

AUGUST 7, 2019

Small Producers at Advisor Group Won't Get Retention Bonuses

Details have emerged about the broker/dealer network’s retention packages, which include five-year lockups for advisors with over $600,000 in production—and nothing for sub-$250,000 producers.

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Investment

Fidelity Highlights Benefits of Default Cash Options for Retail Accounts

Since 2015, Fidelity has been defaulting client cash in retail brokerage accounts to their U.S. government money market fund. Today, they took the opportunity to compare that default cash yield to competitors'.

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Portfolio Manager Spotlight

Scout Small Cap Equity Strategy

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Estate Planning

Nevada Court Denies Permission to Decant Trust

The court found that the governing instrument required consent of both trustees.

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