Monday, March 29, 2010
B-Ds reluctant to OK exchanges into LTC
Paperwork, suitability, supervision key concerns in swapping clients out of annuities or insurance
Financial advisers had hoped to begin this year with new momentum — the ability to swap clients out of existing annuities or insurance in exchange for long-term-care coverage — but broker-dealers have hit the brakes, citing problems with large amounts of paperwork to process the business, among other troubles...
Investment News: B-Ds reluctant to OK exchanges into LTC
Financial advisers had hoped to begin this year with new momentum — the ability to swap clients out of existing annuities or insurance in exchange for long-term-care coverage — but broker-dealers have hit the brakes, citing problems with large amounts of paperwork to process the business, among other troubles...
Investment News: B-Ds reluctant to OK exchanges into LTC
Permalink posted by markw @ 5:47 AM 
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