Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company???

[senior-advisor-indiana]

Thats does sound like a lot of money, but I'm sure its easily done. I don't know if thier software has anything to do with it. I made 10k from one annuity sale. It was a cross sell to a current client. I was told thats the easiest way to sell annuities.

$8M in 3.5 months. Thats 571K a week. He would have to work in a bank or know alot of rich people. Well then again I think the shield is for HNW prospect so 571K could be only 1 sale a week. I wonder if my local bank sells that many CD's a week. I doubt it.

 

[dimpil1]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

I'm getting info on the company from someone who worked there so I'll report back.

 

[Mr. Bill]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

Wow! Finally a website link! How long have we waited for that?

I love how they prominently portray "Safely Earn 8-12% Return With No Risk!!"

If that doesn't send up a red flag, I don't know what will. Sounds like someone's entered the Clown Zone.

Oh, and while you're checking them out, why don't you ask them about the taxation of the annuity upon death, eh? Betcha they won't tell you!

 

[Charpress]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

I love how they prominently portray "Safely Earn 8-12% Return With No Risk!!"

Actually, that was an accurate statement (until the last several months) if someone was indexed to the S&P 500 in a fixed index annuity. I have the statements to prove it. I have one client who had an 18% return. Will he get that this year? No. But if you average out the S&P and you have a product with 100% participation rates and reasonable caps, then 8% is most definately realistic.

It might be true this year as well if someone indexes to a European or blended fund. So, another key is using products with a variety of indexing options and annual re-indexing ability.

 

[Mr. Bill]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

While I agree in principle, you must admit it is misleading at best.

 

[annuity guru]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

Ok, I can answer all of your questions concerning APA. I worked there for three years, in fact, I helped start it. There are only three people there since I left in 2004 (Tom, Al, and Nancy). Their biggest producer was a big producer before the shield so to say that it made him what he is, is false, but it did help. They are a small AFMO out of Raleigh that has a ton of turnover and is interested in override more than anything else. I know a ton of producers who have left because of the lack of service. As for working with Tom, he can do no wrong (in his eyes).

 

[annuity guru]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

Wow! Finally a website link! How long have we waited for that?

I love how they prominently portray "Safely Earn 8-12% Return With No Risk!!"

If that doesn't send up a red flag, I don't know what will. Sounds like someone's entered the Clown Zone.

Oh, and while you're checking them out, why don't you ask them about the taxation of the annuity upon death, eh? Betcha they won't tell you!

This is what is getting our industry in trouble. Even if it is true, it is not guaranteed and must be worded different. Indexed Annuities are designed to allow the client the opportunity to make a better than average return between 5% - 8%. Now, he may be talking about the "equity max" which has to do with life insurance and you really have to be careful with that.

 

[annuity guru]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

Actually, that was an accurate statement (until the last several months) if someone was indexed to the S&P 500 in a fixed index annuity. I have the statements to prove it. I have one client who had an 18% return. Will he get that this year? No. But if you average out the S&P and you have a product with 100% participation rates and reasonable caps, then 8% is most definately realistic.

It might be true this year as well if someone indexes to a European or blended fund. So, another key is using products with a variety of indexing options and annual re-indexing ability.

I know clients who made those type of returns with the monthly pt to pt like the masterdex product. Those type of strategies are designed for up swing markets; however, long term it will average out to between 5% and 8%. You know as well as I do that caps do not stay put and will fluctuate every year unless you are in a two-tiered product where they have your money locked up. Long term average is 5%-8%.

 

[Mr. Bill]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

As I have stated on previous posts, what's happened in the past really has no bearing on what will happen in the future. Read John Bogle if you want some real hard analysis.

FIAs will always make sense to an insurance company because they will keep the money locked up. Whether or not it makes sense to the client is a whole 'nother story.

I know The Shield is being marketed through other IMO/FMOs out there.

I never believed the AP&A folks were either asset protectors or advisors, I always thought they were just another FMO that was looking to throw a whole lotta money into FIAs.

Thanks for confirming!

 

[bkanter]

Re: Asset Protectors & Advisors Group(AP&AG)....anybody have any info on this company

Back to AP&P does anyone know agents who are satisfied with them. They seems to have some good marketing materials (like a short 5 minute stretch IRA video that is on a small disk that can be handed out and put on a web site as a flash presentation.)

Thanks,

Bill