Monday, March 16, 2009
B-Ds likely to give boot to more carriers
Poor ratings, financials prompt broker-dealers to re-evaluate insurers
Observers predict that major broker-dealers will continue to boot insurance companies from their product platforms this year.
Recently, LPL Financial of Boston notified its financial advisers that Genworth Financial Inc. of Richmond, Va., and The Phoenix Cos. Inc. of Hartford, Conn., are on the broker-dealer's "unapproved" list of providers, following a series of ratings downgrades and dismal financial results for the carriers...
Investment News: B-Ds likely to give boot to more carriers
Observers predict that major broker-dealers will continue to boot insurance companies from their product platforms this year.
Recently, LPL Financial of Boston notified its financial advisers that Genworth Financial Inc. of Richmond, Va., and The Phoenix Cos. Inc. of Hartford, Conn., are on the broker-dealer's "unapproved" list of providers, following a series of ratings downgrades and dismal financial results for the carriers...
Investment News: B-Ds likely to give boot to more carriers
Permalink posted by markw @ 5:24 AM 
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