Professionals not providing all options can have devastating consequences “Failing to provide a client with viable options can be just as damaging, if not worse than providing poor advice” Such is the case in a recent post I read on LinkedIn from Florian Steciuch. He wrote “ My definition of
The Implications for Financial Professionals Warrant a Second Look It’s one of the biggest game-changers for financial professionals: the expanded definition of a fiduciary by the Department of Labor under the ERISA act. The rule extends beyond those managing assets to include those giving investment advice for a fee or
FINRA has removed a statement from their published investor alert that a reverse mortgage should be used as a product of “last resort.” FINRA is a self-regulatory organization...
Certainly the reverse mortgage industry has garnered more legitimacy as a financial planning tool amongst financial professionals but we still have a long way to go. But what about those who don’t see the legitimacy or value? How do we turn the proverbial ship around? As our sales force becomes
Financial advisors are just beginning to embrace the reverse mortgage. See what one advisor has to say. We interviewed Cliff Maas at the NRMLA meeting in Irvine California.
[vimeo id=”28432975″ width=”601″ height=”338″] Remaining lenders are seeing something they’ve always wanted… an increase in referral phone calls from non-reverse banks and financial professionals. Many of these referrers had sent their clients to Wells Fargo & Bank of America based on their well known brand and geographic convenience. Today reverse