Suitability
Suitability, particularly when used in conjunction with products like annuities,
means ensuring that the product recommended to you is one that is
specifically geared to accomplish your financial goals, and meet your specific needs.
If you research annuities online, you'll doubtlessly uncover some websites, purporting
to be consumer protection resources, that treat "annuity" as a dirty word, and all
the people who sell them as dishonest. The vast majority of these "horror story"
cases do NOT involve a "bad" product, but simply one that was not suitable
for the needs of the client to whom it was sold. Some people will "push" a certain
product for their own selfish reasons, regardless of the consumer's needs. You should
be very careful to know whom you are dealing with, in order to ensure that the advice
they give about the suitability of a product for you is advice you can trust.
At United Financial Systems, Corporation, we go to great lengths to ensure that
our representatives are among the most ethical in the industry and the best trained
when it comes to issues of suitability. We have created internal policies and procedures
to ensure that we follow all relevant state and federal laws and regulations.
In addition, our practices ensure that, before recommending an annuity or insurance
product purchase, our representatives have obtained relevant factual information
from the client and, based upon that information, have good grounds to believe that
the product is suitable for the consumer given his or her financial situation. Our
representatives consider the customer's financial status, tax status, investment
objectives, and all other relevant information to make sure that they provide the
best advice possible.
This Web site is intended for general information purposes only. It does not nor is it intended to constitute legal, tax or investment advice. United Financial Systems, Corporation is not a lawyer, registered investment advisor or investment advisor representative, and is not engaged in the practice of law or the business of investment advice.