Falls Church, VA (PRWEB) July 13, 2011
The investing public has grown more cautious as the economy struggles to recover from the recent economic recession. A survey of the members of the National Association of Insurance and Financial Advisors (NAIFA) reveals that older Americans are particularly interested in investment products like annuities designed to limit the risk of a market downturn.
More than eight out of every ten advisors surveyed (84 percent) said their clients nearing retirement age are more interested in investments with risk protection components, and 57 percent said clients under the age of 40 also show greater interest in these products. More survey results are available on the NAIFA Blog.
At the same time, components of the Dodd-Frank financial reform law, passed by Congress one year ago today, could change the investing landscape for consumers and the advisors who serve them. The law may soon produce federal regulations that could redefine the legal relationship between advisors and their clients, increase costs, and reduce the ability of consumers choose how they access and buy some financial products and services.
Terry Headley is available for interviews to discuss the NAIFA survey results and changes in investor attitudes, as well as the one-year anniversary of Dodd-Frank and the ways the law could change the availability and cost of financial services and products for middle-income investors. As president of NAIFA, Headley represents insurance and financial advisors in all 50 states and in communities across America. He is also a practicing advisor with nearly 40 years of experience in the industry.
About NAIFA: NAIFA comprises nearly 600 state and local associations representing the interests of agents and their associates nationwide. NAIFA members focus their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. The Association’s mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members.