Texas law helps financial advisors combat elder financial abuse

November 6, 2017

In a column published in the Dallas Morning News, NAIFA-Texas President Joseph Orr II says financial advisors are often the first to note the warning signs that a senior citizen could be victim of a financial scam. For one, life savings begin to drain away. “With people age 50 or older controlling more than 70 percent of the nation’s wealth, today’s scammers are more sophisticated than ever before,” writes Orr. “Until now, there was little (financial professionals) could do to act in T...

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DOL Delays Fiduciary Rule

November 2, 2017

Statement from NAIFA CEO Kevin Mayeux, CAE “The Department of Labor today filed its rule with the Office of Management and Budget to delay the applicability date of the fiduciary rule by 18 months, which is a step in the right direction. “NAIFA has worked diligently throughout this process to educate the administration and members of Congress about the rule’s potential unintended consequences that could deprive middle-market savers of access to professional, individualized advice. We ...

NAIFA Issues Statement on Tax-Reform Legislation

November 2, 2017

Kevin Mayeux, CEO of the National Association of Insurance and Financial Advisors (NAIFA), issued the following statement on the Tax Cuts and Jobs Act:   “NAIFA is reviewing the legislation released today to ensure that the proposed changes to tax law would strengthen the private sector safety net that millions of Americans rely on for their financial and retirement security.   “NAIFA has been in the forefront of defending retirement savers and preserving the flexibility that they nee...