The product, known as the Nuveen Quality Preferred Income Fund, is the first closed-end ETF to invest primarily in investment-grade taxable preferred securities, the firm said in a statement.
The fund is intended to help investors diversify their portfolios, said Paul Williams, Nuveens VP of closed-end ETF development.
Spectrum Asset Management will sub-advise the fund, and
Nuveen initially filed the fund with the SEC in late April.
Nearly two-thirds of advisors surveyed this month said that internal training programs or workshops were offered by their firms.
The 260 advisors in Huntington's wealth unit will now turn to Ameriprise for brokerage, advisory and insurance services previously provided internally.
Even though advisors doubt it will pass, California's proposed billionaire tax is already reigniting residency and wealth planning conversations.
Financial advisor Drew Boyer turned an accidental acceptance from a fire chief into a successful niche serving firefighters and police officers.
Private equity-backed M&A activity has steadily risen. Owners may do great in a sale, but what about advisors lower in the organization?
With unfounded rumors spreading that Osaic was about to buy its rival Cetera, a Texas-based headhunting firm started calling advisors to see if they wanted to move. Other industry recruiters say that crossed an ethical line.
