ING Financial Partners (IFP), ING U.S.'s broker-dealer, hired Mark Wojtowicz to fill a new role focused on driving continued expansion of the firm's advisory business.
In his new position, Wojtowicz will offer hands-on sales, product and practice management advisory support to the IFP network of financial advisors.
Wojtowicz will support all aspects of advisory business for IFP, in particular providing in-person, one-on-one advice and support to financial advisors from across the country. He will also support strategic partnerships and recruiting activities. Wojtowicz will report to Andre Robinson, head of advisory business development for IFP. His appointment is effective April 1, 2014.
Wojtowicz brings more than 15 years of experience in the brokerage and financial services industries. Prior to joining IFP, Wojtowicz was director of sales and distribution for GLOBALT Investments, a part of Synovus Financial. Prior to that, he held a variety of leadership positions at Lockwood Advisors, part of Pershing – BNY Mellon, including oversight of managed account solutions.
In other industry news:
American International Group, Inc. (NYSE: AIG) has repriced AG Select-a-Term, a customizable term life insurance issued by American General Life Insurance Company.
The changes include up to 10 percent premium reductions in popular durations and risk classes, and sometimes higher reductions, and a market-leading position in 15, 20, 25 and 30 year term nontobacco classes.
With extended ages and durations available, AG Select-a-Term offers coverage for policy holders until age 90, and can be converted to AG ROP Select-a-Term, fixed, index and guaranteed universal life insurance, including AG Secure Lifetime GUL II, with some conditions and product limitations applying.
Lincoln Financial Group (NYSE:LNC) launched Lincoln MoneyGuard II, the next-generation of its hybrid life-long term care (LTC) funding solution.
The product offers clients the option to spread premiums over multiple years. Clients can select a variety of payment patterns, from single pay to over 10 years, providing cash flow flexibility for various financial portfolios.
MoneyGuard II provides income tax-free reimbursements for qualified long-term care expenses, an income tax-free death benefit if care is not needed, or return of premium (ROP) options, which have expanded with MoneyGuard II. Clients who do not anticipate needing to exercise the ROP can enhance their long-term care benefit by opting for an 80 percent ROP option at issue or a vested option, with 100 percent ROP after five years.
