Wealth Management Daily Memo

JULY 12, 2019

ADVISOR CHANNELS

Summit to Shut Brokerage, Convert to Cetera OSJ

Diana Britton

The firm, founded in 1983 by President Marshall Leeds, is the latest firm in the network to shut down as an IBD and join Cetera Advisor Networks as a super OSJ.

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ESTATE PLANNING

Appeals Court Finds Old Master Paintings Were Undervalued

Beth L. Fox

Estate’s reliance on expert was misplaced.

SPONSORED CONTENT

Finally, There's Some Income in Fixed Income

Sponsored by Thrivent Mutual Funds

It’s been a long wait, but income investors are finally starting to get a decent yield on their fixed income investments.

INDUSTRY

Wells Fargo CEO Hunt, Day 106: Talks With a Top BofA Executive

Hannah Levitt

Bank of America Corp.’s Cathy Bessant is among executives who remain in talks with Wells Fargo.

SPONSORED CONTENT

How Advisors Are Using Variable Annuities

Sponsored by Lincoln Financial Group

From retirement income tools to principal protection, advisors turn to variable annuities in a host of situations.