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Advisors' Most Time Consuming Activities

Thursday, February 26, 2015

In 2014 Advisor Trend Report, advisors ranked their most time consuming activities related to their practices. As expected, client service in general, portfolio management and client meetings remain the activities that advisors spend the most time. Research ranked as the next highest time consuming activity coming in 4th and rounding out the top ten was compliance.

Let Veralytic take over some of these time consuming activities for you! Veralytic measures product competitiveness and suitability against the universe of peer-group products in just minutes1 — a task that can otherwise take hours for you or your staff to complete. Before Veralytic advisers had no alternative but to use illustrations to try to dissect expenses and charges which is difficult because neither cash‑value‑based investment expenses, cash‑value‑based insurance expenses (e.g., M&Es), nor life insurance policy earnings are generally reported in a standardized manner. Even the Office of Comptroller of the Currency (OCC) says that policy illustrations [are] subject to a high degree of fluctuation[s]. Instead, both the chief regulatory body of the financial services industry and generally-accepted Prudent Investor principles prescribe separate examination of expenses independent of performance assumptions. 

So, take a break from the time consuming labor of calculating and reviewing some large number of illustrated hypothetical policy values and put your time to good use by giving Veralytic a try. Veralytic is simply the fastest, easiest, and most comprehensive and cost-effective way to independently verify to clients and their advisors whether or not the pricing and performance of existing or proposed life insurance is in their best interest. Only Veralytic is accepted for independent client representation, endorsed by the New York Bankers Association (NYBA) and compliant with industry regulations and established case law.

Use the Veralytic Reports to determine the appropriateness of pricing, the reasonableness of performance expectations for invested assets underlying policy cash values, and overall suitability for your (client’s) policies based on the 5 factors of suitability. Click here and get up to 3 Veralytic research reports under our NO-Risk trial subscription.

1. Veralytic reports are generated in the order that they are received. Except in cases of system upgrades or heavy volume, reports are generated within 48 hours of receiving and most are completed well before the 48 hours. 

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