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  Mobile version   RSS   Subscribe   Unsubscribe March 11, 2011
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'Unprecedented' opportunity for advisors as annuity assets reach all-time high    Share   Share on FacebookTwitterShare on LinkedinE-mail article
The annuity industry ended last year on "strong and secure footing," where variable annuity assets reached an all-time high and fourth quarter sales showed the highest levels of last year, a report showed. Variable annuity assets reached $1.5 trillion last year, according to the Insured Retirement Institute. The institute said fourth quarter variable annuity sales were $37.6 billion, up 10 percent from the previous quarter. Year-to-year quarterly sales of variable annuities increased 18 percent from fourth quarter 2009 sales, the report showed. More

  Industry News

For B-Ds, crunch time on plan fee disclosure begins now
InvestmentNews    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Service providers have an additional six months to prepare for plan fee disclosure regulations, and from the looks of it, broker-dealers are going to need all that time to make sure they're up to snuff. "There are many types of compensation for broker-dealers and they have a tough job going forward," said C. Frederick Reish, an attorney at Reish & Reicher, a firm that specializes in the Employee Retirement Income Security Act of 1974. "They will get there, but it'll be hard." More

Today's annuities — and how to sell them
Advisor Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's hard to ignore the annuities market lately. Last year, Americans spent $129 billion on individual annuities — down more than 38 percent from 2008. Yet, with a retirement boom on the horizon and millions of market-ravaged consumers seeking financial products that make them feel secure, clients are probably asking about annuities again. More

News for brokers, wealth managers and their clients
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Wall Street Journal compiles recent news items affecting advisors, wealth managers and their clients. The article contains information regarding advisors changing firms, social media and credit unions. More

  Regulatory and Legislative News

Regulatory confusion keep advisors, broker-dealers in limbo
Financial Planning    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Between the SEC's broad and unspecific recommendations to safeguard shareholders from unscrupulous advisors and the Department of Labor's recent attempts to redefine the conditions under which a financial advisor becomes a fiduciary, the financial advisors and broker-dealers providing the guidance and products investors need for retirement are huddling up to decide which regulations and rule changes they should support in the face of looming legislation. More

Senators explain why they want fiduciary standard study
Naional Underwriter    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Two members of the Senate Banking, Housing and Urban Affairs Committee say they want further study of the idea of applying the fiduciary standard to broker-dealers because they do not believe advocates have made a convincing case for creating a total fiduciary standard. Sen. Timothy Johnson, D-S.D., and Sen. Michael Crapo, R-Idaho, have expressed that opinion in a letter to Sen. Christopher Dodd, D-Conn., chairman of the committee, explaining why they are seeking more study of the fiduciary standard issue. More

Obama administration appeals Florida judge's health care ruling
Reuters via Insurance Journal    Share    Share on
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The Obama administration recently appealed a U.S. judge's ruling in Florida that struck down its landmark health care overhaul law as unconstitutional because it required Americans to buy health care insurance or face a penalty. President Barack Obama's Justice Department filed its notice of appeal and the case will go to the U.S. Court of Appeals for the 11th Circuit, based in Atlanta. The fight over the law is expected to reach the Supreme Court. More

Cole Information - Offers Online Quick-to-Access Targeted Prospecting
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  Practice Management

5 commandments of risk management
Financial Advisor    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Now that the trauma of the 2008 financial crisis is fading behind us, advisors can't afford to fall back on old modes of thinking. Individual investors have been deeply scarred and fundamental factors presage a bumpy road ahead — in this new environment the same-old approaches just won't do. A systematic framework is needed to help advisors progress in a way that is not purely reactionary, but also practical and productive. This new framework is called Risk 3.0. More

FedEx® Offers Savings
FSP members can now enjoy real savings on envelope and small parcel shipments sent and received via FedEx®, one of the nation's premier small package carriers and an FSP Member Discount Company. FSP Members will receive discounts on domestic and international shipments with FedEx Express®, FedEx Ground®, and FedEx Home Delivery®. Save up to 27%* on select air shipments with FedEx Express; up to 15% on select shipments with equally dependable and economical FedEx Ground; and up to 10% on select shipments with FedEx Home Delivery, a residential service with a money-back guarantee. There is no cost to enroll for members, and there are never any shipping minimums to meet in order to get the discounts. For more program details and to enroll online, simply go to

*Includes a bonus 5% online processing discount. Full details are available at

  Society News and Programs

Save the date: Aug. 16-17 — FSP's Clinic for Advanced Professionals
Society of FSP    Share    Share on FacebookTwitterShare on LinkedinE-mail article
This in-depth, two-day educational meeting will take place at the Philadelphia Airport Marriott and will focus on risk management, estate planning, financial planning and retirement services. Attendees can earn up to 12 hours of CE. Includes Professional Showcase Sessions and Exhibit Hall. Watch SFSP for coming details.

Stay current on the tax law with Leimberg Information Services, Inc.
Society of FSP    Share    Share on FacebookTwitterShare on LinkedinE-mail article
FSP members can take advantage of a 30-day free look at LISI, an e-mail subscription service that provides analysis and commentary on—as well as the actual text of—proposed and recent legislation regulation, cases and rulings. For details visit LISI.
FSP NewsBrief
Colby Horton, vice president of publishing, 469.420.2601   Download media kit
Bianca Van Audenhove, senior content editor, 469.420.2611   
Disclaimer: The articles that appear in FSP NewsBrief are chosen from a variety of sources to reflect topics of interest to FSP members and other financial service practitioners. The inclusion of an article or advertisement in FSP NewsBrief does not imply that the Society of FSP endorses, supports or verifies its contents or expressed opinions. Factual errors are the responsibility of the listed publication. FSP NewsBrief articles may be protected by copyright and should not be reproduced without express permission of the copyright holder.

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