Chariman and CEO of FINRA, Richard Ketchum, puts the fiduciary responsibility of gaining back investors’ confidence in the hands of broker/dealers. According to Kathleen M. McBride’s article “FINRA’s Ketchum Speaks of Fiduciary Duty” from Wealth Manager Web, this was Ketchum’s message to the Securities Industry …
According to Business Wire press release “For Consumers Nearing Retirement: New Allianz Life Annuity Can Generate Income After Just 5 Years”, Allianz Life Insurance Company of North America is adding to the fixed annuities market with its Endurance Elite product. Endurance Elite is geared towards …
In order to attract more advisers, New York Life Insurance Co. is changing their immediate annuities by introducing a no-load version. This information comes from Investment News‘ “Take a load off: New York Life set to tweak immediate annuities to draw advisers” by Jessica Toonkel …
The Retirement Income Journal’s article “Unsolved Mystery” by Kerry Pechter reveals interesting findings regarding financial advisors and annuities. Consultant and researcher Matt Greenwald ran a two part experiment. The first part of the study involved Greenwald interviewing 11 academic economists. He asked them if they …
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