Greg was a reporter for InvestmentNews from 2015 to 2019, covering defined-contribution plans, retirement planning, insurance, taxes and estate planning, before then moving to CNBC as a Personal Finance Reporter. He tweets at: @GregIacurci
A product design that's more palatable to brokers and a bigger roster of familiar carriers have raised the product profile for brokers.
One measure would scrap the "stretch IRA," which has helped financial advisers preserve retirement wealth passed on to heirs.
Gerber Life has $52 billion of life insurance in force and covers 3.6 million policies for individuals.
Captrust wants to grow annual revenue from wealth management to 50% from 30% over the next five years.
Fixed annuities are positioned for a record year, with fixed-rate deferred and indexed annuities driving the growth.
Insurance groups say the measure, which now heads to the full chamber for a vote, doesn't go far enough.
Rules adopted by 41 states have held down rate increases on newer policies, but some advisers remain skeptical of traditional LTC insurance.
New bill eases rules around open multiple-employer plans by allowing more employers to band together to offer a common retirement plan.
Raymond James is coming off several strong quarters of adviser recruiting.
The brokers worked for the same broker-dealer, which has since been expelled from the industry, at the time of their respective alleged frauds.
