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June 22, 2023
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This is a great space to write long text about your company and your services. You can use this space to go...
November 11, 2016
You may have seen that the DOL recently released 34 FAQs, most of which deal with the BIC. Perhaps you were still under the impression that a BIC was an ink pen or lighter. In this context, “BIC” (or “BICE”) is an acronym for “Best Interest Contract Exemption.”
When the DOL rule goes into effect in April, a prohibited transaction will occur when you move qualified funds into a commission-based financial product. DOL will only a...
November 4, 2015
I am frequently asked the question, “As an insurance only advisor what are the next steps I need to take so I can continue to sell Index Annuities after the new DOL Regs go into effect next April?” The first thing I would say is take a deep breath, relax and don’t do anything…yet. Unfortunately there are a number of FMOs implementing a fear based marketing campaign with a message that the sky is falling, they have it all figur...