Tumult on the variable annuity scene is dampening sales at broker-dealers, raising some concerns about the impact on revenue for the firms and their representatives.
Pity the older people. They just can’t catch a break. Preyed upon by relatives, caregivers and con men, they are also, experts say, ill-equipped to choose someone to advise them on their finances.
A Finra proposal to require brokers to tell customers about bonuses and other compensation incentives they receive to join another firm drew sharp reactions after it was announced last week.