Financial Services Industry
Industry: Email Alert RSS FeedBroker-dealer's due diligence toughens up.(Life: LIMRA/LOMA Conferences)
Best's Review, June, 2009 by Lysiak, Fran Matso
In the fallout of the financial crisis, the due diligence process used by at least one independent broker-dealer to evaluate which life insurance products gain access to its distribution has gotten a lot more rigorous.
[ILLUSTRATION OMITTED]
National Planning Holdings Inc. is using a lot more third-party research to look into companies, said John Johnson, first vice president of sponsor relations for the firm. NPH is the independent broker-dealer network of Jackson National Life Insurance Co.
He dubbed due diligence as "the price of admission" for life insurance products to get on a broker-dealer's shelf. "We've always had extensive conversations around the diligence process with product providers but advisers are getting a lot more...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
