Broker-dealers have been given the dual tasks of providing the representatives with competitive financial instruments while complying with an ever-changing menu of regulatory compliance requirements.
FINRA NTM 05-50 changed the "rules of the game" for many broker-dealers and put all on notice regarding these products.
Many broker-dealers struggled for ways to deal with the many potential compliance, regulatory and legal issues pertaining to indexed annuities.
Annexus Financial seized the opportunity and, working with Genesis Financial and Aviva, designed the Structured Allocation Annuity specifically for registered representatives and investment advisors.
The product was designed to "engineer" away the important compliance concerns by eliminating "moving parts" and "confusing modifiers."
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