Why Insurance Agents Should Become IARs
Besides the regulatory reasons listed on this page, the other reasons to become an IAR are so you can:
1) give more comprehensive advice to clients; and
2) generate more revenue (revenue that’s reoccurring).
While the SEC was not able to regulate certain fixed insurance products, the State Securities Commissions have not been deterred and are now trying to force insurance only licensed advisors to obtain a securities license to avoid state securities law violations when selling certain fixed products.
Be Proactive and Protect Your Livelihood!