National Association of Insurance and Financial Advisors

Market Correction Shows Middle-market Need for Advisors

August 25, 2015

The stock market has taken investors on a crazy ride recently, most notably with the markets falling off sharply yesterday before rebounding somewhat today. What tomorrow will bring is nearly impossible to predict.   Market volatility is nothing new. Corrections have happened before and they will happen again. When it comes to those investing for their retirement, experts agree that the biggest danger is that people will make hasty or even panicked decisions.   This is where the servi...

NAIFA-Montana President Looks at DOL Proposal From the Perspective of an Investor

August 19, 2015

NAIFA-Montana President Kathryn Burton placed an excellent op-ed column in the Great Falls Tribune outlining NAIFA’s concerns with the Department of Labor fiduciary rule proposal. Burton, who specializes in disability and life insurance, draws on her personal experiences as a retirement saver to demonstrate the need small-to-medium investors have for services financial advisors provide.     “Unfortunately the DOL’s rule does nothing to simplify retirement planning and it has the potenti...

NAIFA President testifies on proposed DOL fiduciary rule

August 11, 2015

In testimony before the Employee Benefits Security Administration of the Department of Labor, NAIFA President Juli McNeely told the panel today that the proposed fiduciary rule is unworkable because it could harm the advisor-client relationship and hinder access to affordable advice to smaller- and mid-market consumers and businesses.   McNeely testified on behalf of NAIFA’s 40,000 members who primarily serve smaller markets. As a small business owner in Spencer, Wis., McNeely said h...

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NAIFA President Juli McNeely to Testify at DOL Hearing Today

August 11, 2015

  Juli McNeely, president of the National Association of Insurance, is scheduled to testify this afternoon at the Department of Labor’s public hearing on the Conflicts of Interest Proposed Rule . McNeely will explain to the DOL panel how the proposed rule would harm relationships between advisors and clients.   Dr. Jennifer Knoll, one of McNeely’s clients, will also provide testimony at the hearing. McNeely will be one of only two advisors testifying before the DOL officials and th...

NAIFA members describe potential fallout of unworkable DOL rule

August 10, 2015

NAIFA members Richard Murphy and Dori Phillips tell INN reporter John Hilton that they would be forced to surrender services to small- and mid-market investors if the Department of Labor fiduciary rule moves forward. “I don’t deal with the high-end client. The people this is meant to protect are the same people this is going to hurt,” Phillips told Hilton, adding that those served by her business might have as low as $25 a month to invest for retirement. In the INN story , Phillips said sh...