2011 rank | 2010 rank | Issuer | New sales ($M) | % change vs. 2010 | 2011 market share | % share change vs. 2010 |
---|---|---|---|---|---|---|
1 | 2 | MetLife | $21,207.9 | 61.0% | 18.2% | 37.9% |
2 | 1 | Prudential Financial | $15,824.7 | 1.7% | 13.6% | -12.8% |
3 | 4 | Jackson National | $13,738.3 | 31.1% | 11.8% | 12.4% |
4 | 3 | TIAA-CREF* | $10,134.1 | -4.0% | 8.7% | -17.9% |
5 | 5 | Lincoln Financial Group | $7,150.3 | 8.4% | 6.1% | -7.6% |
6 | 7 | SunAmerica/VALIC | $5,964.9 | 31.7% | 5.1% | 10.9% |
7 | 9 | Nationwide | $5,305.3 | 48.4% | 4.6% | 27.8% |
8 | 6 | Axa Equitable | $5,132.7 | 9.0% | 4.4% | -6.4% |
9 | 8 | Ameriprise Financial | $4,843.6 | 11.7% | 4.2% | -4.5% |
10 | 10 | AEGON/Transamerica | $3,879.1 | 41.1% | 3.3% | 17.9% |
11 | 12 | Allianz Life | $2,871.7 | 25.2% | 2.5% | 8.7% |
12 | 13 | Pacific Life | $2,566.8 | 23.6% | 2.2% | 4.8% |
13 | 11 | Sun Life Financial | $2,332.3 | -7.5% | 2.0% | -20.0% |
14 | 18 | Protective | $1,873.9 | 55.0% | 1.6% | 33.3% |
15 | 17 | New York Life | $1,820.9 | 27.5% | 1.6% | 14.3% |
16 | 16 | Thrivent Financial | $1,778.1 | 21.4% | 1.5% | 0.0% |
17 | 19 | Fidelity Investments Life | $1,455.9 | 25.1% | 1.2% | 0.0% |
18 | 15 | ING Group | $1,440.4 | -21.4% | 1.2% | -33.3% |
19 | 14 | John Hancock | $1,427.4 | -29.4% | 1.2% | -40.0% |
20 | 20 | Ohio National | $1,191.4 | 2.9% | 1.0% | -16.7% |
21 | 22 | Northwestern Mutual | $1,049.0 | 25.0% | 0.9% | 12.5% |
22 | 24 | Guardian | $794.2 | 42.9% | 0.7% | 16.7% |
23 | 21 | Hartford | $681.3 | -40.6% | 0.6% | -50.0% |
24 | 23 | Massachusetts Mutual | $555.2 | -11.8% | 0.5% | -16.7% |
25 | 27 | Mutual of America | $351.9 | 9.2% | 0.3% | 0.0% |
As of Sept. 30. *The bulk of TIAA-CREF's variable annuity assets are generated from group annuity sales of retirement plans, rather than retail sales. | Source: Source: Morningstar Inc. |
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.