financial professionals

When No Advice is Worse Than Bad Advice

Shannon HicksMay 8, 2017May 5, 2017

by Shannon HicksMay 8, 2017May 5, 201711440

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

Putting Clients First is No Longer a Slogan with Fiduciary Rule

Shannon HicksApril 30, 2016May 2, 2016

by Shannon HicksApril 30, 2016May 2, 201611449

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 Removes ‘Last Resort’ from Investor Alert

Shannon HicksJanuary 22, 2014January 24, 2014

by Shannon HicksJanuary 22, 2014January 24, 20148 2832

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...

S1L Creates Funding Longevity Advisory Board

Shannon HicksSeptember 17, 2013October 21, 2013

by Shannon HicksSeptember 17, 2013October 21, 201311533

Committed to expanding the traditional HECM market, S1L a Division of Reverse Mortgage Solutions. Inc. (“RMS”) is pleased to sponsor a task force of renowned academicians who will meet at the S1L home office...

Turning the ship around

Shannon HicksSeptember 24, 2012October 17, 2013

by Shannon HicksSeptember 24, 2012October 17, 201311283

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 advisor speaks about reverse mortgages

Shannon HicksMay 21, 2012September 10, 2013

by Shannon HicksMay 21, 2012September 10, 20136 1735

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.

Lenders see business uptick in wake of big bank exits: Industry Leader Update

Shannon HicksSeptember 5, 2011September 10, 2013

by Shannon HicksSeptember 5, 2011September 10, 201301401

[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

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financial professionals

When No Advice is Worse Than Bad Advice

Putting Clients First is No Longer a Slogan with Fiduciary Rule

FINRA Removes ‘Last Resort’ from Investor Alert

S1L Creates Funding Longevity Advisory Board

Turning the ship around

Financial advisor speaks about reverse mortgages

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