In response to "Wealth managers talk about the boomer demographic"
As a boomer on the edge of tomorrow (code for retirement) I see agents making huge mistakes in not communicating correctly with female boomer clients— who routinely terminate their male advisors for not acknowledging them when their husbands were alive and just talking past them. It's not that they particularly want a female advisor; they want to be listened to and educated, but not in a condescending way. Most male advisors pander to female clients, which comes off as pedantic.
-Steve Savant
In response to "Hurry up and slow down"
What a great reminder for all of us in sales. "Slow down to go fast" is a term I heard years ago. Relationships take time, but not necessarily a lot of time. Referrals come from trusted sales relationships. Build them, and your referral business will soar!
-Joanne Black
In response to "Have your cake…and eat it, too"
Excellent article! You did a wonderful job of explaining an EIA in simple, understandable terms. I will be able to pull some ideas from this to teach my agents as well as my clients, so thank you. The one thing in your arcticle I question is the fees. It's my understanding that there are no fees in an EIA unless you attach a rider, like an income rider. This being one of the selling points over variable annuities. Again, though, I love your article, thanks so much.
-John Simms
Overall, well written article, my only disagreement is the question he poses to clients. "If I could offer you a product that has the safety and security of certificates of deposit and the upside potential of the markets, would you be interested?" Yes, you have the principal guaranteed with FIAs, but to say you have the upside potential of the markets is misleading to me, because it is capped. If the market does 10 percent and your cap is 3 percent, guess which one your client gets….
-Bryan
In response to "Black Friday blues"
