I know for him it applies to FIA also. He has to run them past his BD prior.
Can I Be Registered with a Broker Dealer and Still Work with IMO?
- Thread starter BrownEyes333
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I know for him it applies to FIA also. He has to run them past his BD prior.
And most b/ds not only have an approved IMO list, but also an approved products list.
Not to mention that you normally have to open a non brokerage account and clear suitability at the b/d level for FIAs.
This is likely to get even more challenging in 2017 with the new DOL rules.
Anything straight fixed (annuities, UL, WL, term, LTC, DI, etc.) Is normally much easier to write without involving the b/d as long as you have an amended U4 stating that your fixed insurance business is an "outside business activity"
- Thread starter
- #13
BrownEyes333
New Member
- 7
Thanks everyone for your feedback. Has been helpful. I know I still have a lot more to learn.
- Thread starter
- #14
BrownEyes333
New Member
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GoPokes - I had PM'd you. Not sure if you had it turned on or not.
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I didn't get it. I think you have to have 20 posts before the PM function will work...unless they changed it since I joined the forum
