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Broker Dealer

An individual or firm engaged in the business of buying and selling securities for itself or on behalf of others. This entity can act as both a broker that matches buyer and seller of securities, and as a dealer that takes its own ownership position in a financial transaction.

DTCC Uses Technology to Drive Cost Savings and Efficiency in the Retirement Income Industry

Adam J. Bryan is Managing Director and General Manager of the Depository Trust and Clearing Corporation’s (DTCC) Insurance &Retirement Services.

DTCC’s Insurance and Retirement business unit is the central messaging hub for annuity transactions and a partner and leader with the insurance industry in the effort to automate, standardize and centralize the processing, monitoring and reporting for insurance products.

Types of Annuity Marketing and Sales Companies

Broker Dealer

Sheryl Moore on Fixed Indexed Annuities and the SEC’s Proposed Rule 151A

The Securities and Exchange Commission’s (SEC) proposed Rule 151A would change the securities status of indexed annuities from fixed insurance products to registered, securities products.

The proposed rule would have a significant impact on their entire industry landscape.  SEC 151A would affect the way in which insurance companies develop fixed indexed annuity (FIA) products, how distributors sell the products, and ultimately the manner in which consumers purchase FIA products.

Financial Advisor Views on Annuities Appear Tightly Related to Business Models

A recent study from Cerulli Associates indicates that registered investment advisors (RIA) are more than hesitant to recommend annuities to their clients.

The report surveys and compares the views of various forms of financial advisors.  Not surprisingly, financial advisors’ product views are tightly related to the financial incentives that support their business models.  Consider, for example, the following:

Retirement Income Industry Association Spring Conference 2012

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