Get it in writing: Proper documentation is key when it comes to annuity sales

December 3, 2014 by Brian Anderson

In October a law firm in Chicago representing a former client of a financial advisor ran an ad seeking to find other investors who may have lost money with this particular advisor as a result of “annuity switching.”

The advisor is accused of improperly switching the former client from indexed annuities to variable annuities, causing the client to incur substantial surrender charges, and allegedly mismanaging the transfer of the client’s funds, resulting in substantial tax liability and penalties in addition to the surrender charges.

Law firms seeking to identify and represent other clients in cases such as this are becoming increasingly common in today’s litigious environment. Click here to read…

Originally Posted at LifeHealthPro on December 3, 2014 by Brian Anderson.