Dear
NAIFA Members,
Does
it sometimes feel like you’re in the crosshairs? Attacks on Financial Advisors
and misrepresentations about the kinds of work you do for your clients seem to
be coming at an ever quickening pace.
We
have critics in many corners, whether it’s President Obama infamously railing
against “snake oil salesmen,” a current series on
National Public Radio questioning the value of Advisors, or the Department of
Labor swatting a gnat with a sledgehammer in the form of its thousand-page
fiduciary proposal (which, by the way, in printed form may weigh as much as a
sledge hammer).
Fortunately,
as always, NAIFA has your back! Our advocacy team and grassroots
organization are hard at work, educating members of Congress and federal
regulators about the good work you do for your clients. We have produced
materials like our “Securing
America’s Future” report that explain to regulators, lawmakers, the media
and the public how NAIFA members provide undeniably valuable products and
services to their clients.
Despite
claims to the contrary, not all consumers are best served by fee-only Advisors,
robo advisors or whatever the newest suggestion is from those who want to
eliminate consumers’ choices. NAIFA experts and leaders have explained
over and over in media
interviews how consumers are best served when given a variety of options
when it comes to how they receive advice and how they compensate their Advisors.
Putting Advisors in the best possible light is a benefit we provide NAIFA members and
the entire industry. NAIFA exists to help tell your story,
and to take on these challenges so that you can concentrate on what you do best
– helping to secure the financial futures of 75 million American families.
It’s
a great time to be an insurance and Financial Advisor. Americans need Advisors
more than ever, whether they are small business owners, employees, families or
retirement savers. NAIFA knows that you are doing great things for your clients
every day, and we are working diligently every day to ensure that is the
message that rises above the attacks.
Sincerely,
Kevin M. Mayeux, CAE
Chief Executive Officer
No comments:
Post a Comment