LOGIN
Subscribe

Take a load off: New York Life set to tweak immediate annuities to draw advisers

New York Life Insurance Co. is preparing to launch a no-load version of its immediate annuity to target the fee-based-adviser market, according to Matthew Grove, its vice president.

New York Life Insurance Co. is preparing to launch a no-load version of its immediate annuity to target the fee-based-adviser market, according to Matthew Grove, its vice president.

“We are big believers in lifetime-income annuities,” he told attendees of a breakout session at the Mo

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Corzine to Street: Get real

Corzine to Street: Get real

Jon Corzine, the former Democratic senator and governor of New Jersey, is warning the financial services industry: Don't try to fight the financial-reform bill being debated in Congress.

Ex-Goldman chairman Corzine defends embattled firm

Ex-Goldman chairman Corzine defends embattled firm

Jon Corzine, the former Democratic senator and governor of New Jersey, came to the defense of his old employer, Goldman Sachs Inc,. in remarks at the Investment Company Institute's General Membership Meeting on Wednesday afternoon.

Barred-broker-turned-politician sued by Baird

Barred-broker-turned-politician sued by Baird

The firm is seeking $344K from the ex-broker - and current Hamilton County, Ohio trustee - for alleged 'unauthorized withdrawals' from a client's account.

Pressure mounts to remove banned Cincinnati broker from elected office

Pressure mounts to remove banned Cincinnati broker from elected office

New York Life Insurance Co. is preparing to launch a no-load version of its immediate annuity to target…

DoubleLine and Grail teaming up on active ETF

DoubleLine and Grail teaming up on active ETF

Grail Advisors LLC is partnering with DoubleLine Capital LP to launch an actively managed emerging-markets fixed-income ETF in what will be the first such fund of its kind to hit the market.

Latest news

Investors are impatient, they want big earnings

Investors are impatient, they want big earnings

‘I want to be a catalyst for change’

High school financial literacy education now mandatory in Oklahoma

Carson expands East Coast presence with three new locations

Do private debt fund returns offset their risks?

Tragedy at BofA as 25-year-old trader dies at industry event

Finra dings small Calif. B-D over Reg BI, missing red flags

Does the Dow hitting 40k matter?

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print

Subscribe

Get unlimited access to InvestmentNews

Subscribe for just
$19.99 per month.

Subscribe