Weekly Editor's Picks

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Hold the dates: February 28 to March 3 for the Annual Convention in Hollywood, FL; and
September 12-15 for the Community & Regional Bank Forum in Grapevine, TX. 

Bank Fixed Annuity Sales Gain 4 percent in the 3rd Quarter
U.S. bank sales of fixed annuities were an estimated $9.2 billion in third quarter, 2008, according to new data from the Beacon Research Fixed Annuity Premium Study.^[1] The quarter’s sales were 80 percent above third quarter, 2007, and up 4 percent from the prior quarter. On a year-to-date basis, estimated sales were $24.9 billion, 90 percent ahead of results in the first three quarters of 2007
[BISM-BISA Activity page]

Morgan Stanley Blitzes Into Banking
December 1, 2008 — It probably won't be "stocks and socks" all over again, but Morgan Stanley is revving up its push into retail banking.
[The Wall Street Journal]

IBC Insurance buys up InsCorp
December 4, 2008 — IBC Insurance Agency Ltd. has acquired Laredo-based independent insurance agency InsCorp Inc.
[San Antonio Business Journal]

Financial advisers try last-resort strategies
November 30, 2008 — When a client recently told her adviser that she would be losing her public relations job in six months, Morris Armstrong gave her advice that he never thought he would dispense: He told the single mother, who had been contributing significantly to her 401(k) plan, to stop.
[InvestmentNews ]

Life insurance sales dropped 11% in third quarter
December 2, 2008 — Life insurance sales dropped during the third quarter as new annualized premium for individual coverage fell 11% year over year, according to LIMRA International Inc.
[InvestmentNews]

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