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Want Better E&O Coverage for Less?
Then Take Our Survey Now.
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Do you have Errors & Omissions (E&O) insurance? If so, are your satisfied with your coverage and premium? If not, then National Ethics Bureau may be able to help you.
We currently are researching the possibility of providing superior
E&O coverage to NEB members at industry-leading rates. Our goal: to provide this protection to all NEB members, with a host of additional features, at a special discounted rate (10% to 20% below average). E&O underwriters have | Continued » |
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National Ethics Bureau Highlights Top Reasons to Engage in Ethical Business Practices in Financial Services Industry.
SAN DIEGO, CA, March 5, 2008—Some financial professionals still believe that nice people finish last. They think that that embracing ethics—or doing the right thing for their clients 100 percent of the time—will limit their options, opportunities, and ability to succeed in business. Nothing could be further from | Continued » |
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Ethical Values Help Financial Professionals Weather Economic Uncertainty, Says the NEB.
SAN DIEGO, CA, January 28, 2008—With the current economic uncertainty, financial professionals should recommit themselves to high standards of ethics and integrity. According to the National Ethics Bureau, a membership organization of background-checked financial professionals, this requires upholding the following key principles of | Continued » |
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The National Ethics Bureau™ (NEB) is a membership organization of financial professionals who have successfully passed a comprehensive series of background checks and have agreed to maintain NEB membership standards. All members are admitted into NEB’s online national registry, where consumers can view a member’s approval status and professional profile.
NEB also advocates for business ethics and consumer protection through its trade-magazine columns, conference presentations, consumer guides, monthly Ethics Edge newsletter, and web site: www.ethicscheck.com.
NEB is not a professional designation, nor does it sell or endorse any financial products. |
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NEW: Monthly podcast that features interviews with top industry experts on current trends in the financial Services Industry.
Click here to register...
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Senate Committee Targets Unsuitable Reverse Mortgages |
| March 2008 |
Reverse mortgages are a beneficial tool for seniors who wish to convert their home equity into cash for living expenses or long-term care. In fact, according to the National Reverse Mortgage Lenders Association, this income-generating strategy has become increasingly popular, with lenders issuing more than 107,000 federally insured reverse mortgages in fiscal year 2007, up from 13,000 in 2002.
However, as reverse mortgages have become more common, so has the potential for abuse. According to the Senate Special Committee on Aging, which held reverse mortgage hearings on December 12, 2007, financial advisors may be persuading seniors to use their reverse mortgage proceeds to buy | Continued » |
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March 2008 |
Leapfrog the Bottom Feeders |
Well, the heat’s been turned up on the issue of sales practices in the senior marketplace. When I heard that U.S. Senate Special Committee on Aging was planning to hold hearings in September, shortly before the second annual Senior Summit, I expected the result would be a mix of downside risk and upside opportunity. I wasn’t wrong.
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Here’s the downside that emerged: Once again, the American public heard about seniors being victimized by some real lowlifes in the industry. And they heard it through the mainstream media, thanks to the spotlight trained on the issue by | Continued »
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| Fly Your Ethics Flag |
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In business, logos mean a lot. Think about the peace of mind people feel when they see Allstate’s “good hands” or the warm and fuzzies they get upon seeing MetLife’s Snoopy.
As a member of the National Ethics Bureau, you’re entitled to use NEB’s logo in your marketing effort. Think about what this symbol conveys to your prospects and clients: | Continued »
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Once a Teacher, Always a Teacher |
After David M. Boike, Chartered Financial Consultant, of Retirement Resources in Flint, Michigan, graduated from college, he became a business education teacher and coach. Today, some 30 years later, he’s still educating and coaching. But this time his audience isn’t high school students. It’s pre-retirees and retirees in the Genesee County area. “I see financial services as another teaching ministry for me,” he says. “I teach people to become better stewards of their money, to save money on taxes, and to protect their assets.”
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Fortunately for Boike, there’s no shortage of demand for his knowledge. He finds there’s a tremendous amount of misinformation in the marketplace that not only confuses retirees, but also jeopardizes their retirement security. “People come into our office all the time not knowing what they’re paying in fees. They tell me their prior advisor said their 401 (k) or variable annuity doesn’t have any fees or charges,” | Continued »
Become NEB's next Member of the Month! (click here) |
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