ACORD
Short Company Name:
ACORD
Long Company Name:
ACORD
Company Type:
Trade Association
Web Site:
Phone Number:
845-620-1700
Fax Number:
845-620-3600
Year Founded:
1970
Ownership:
Public
Broker
A broker acts as the intermediary or middleman between a buyer and a seller and earns a commission from the transaction. There are brokers in just about any kind of business – real estate, mortgage, insurance, bonds, stock market, customs, commodities, foreign exchange, etc. In the stock market, the broker is the link between the investor and the stock exchange. Brokers as a rule have to sit for exams to earn a license in order to solicit business, offer any advice and transact on your behalf.
MassMutual Appears to be Moving Away from Variable Annuity Marketplace
Recent decisions by MassMutual would appear to indicate that the company is becoming less interested in and committed to the variable annuity marketplace. The company has recently scaled-back on some of its variable annuity product features or riders. The departure of one of MassMutual's top annuity experts, Jerome Golden, would also seem to indicate waning interest in the space. The company also indicated that it will place renewed emphasis on distribution through career agents rather than...
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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:
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Only 7% of insurance company representatives would be...
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Battle Lines Being Drawn Over Fiduciary Status of Financial Advisors
There is a key point of distinction that exists in the world of financial advice and vast majority of people are unaware that it exists.
The defining issue is whether a...
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