Changes in Insurance Brokerage a Cautionary Tale for Mutual Fund Wholesalers

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    Health care reform has many things in common with the way financial services are delivered, and

    Big changes ahead for mutual fund wholesalers?
    Big changes ahead for mutual fund wholesalers?

    could be changed, if financial reform gets more political and public support.  But in the interim, changes are coming to a related industry–insurance brokers–who are now re-inventing themselves due to  changes in the way health care will be delivered under the new Affordable Care Act, which will inject competition into the health care insurance industry.  This heightened competition and greater transparency has some serious implications for mutual fund wholesalers, a largely-unknown profession, which drives full service mutual fund companies. Yet at the same time, it is not clear what, if any, benefits wholesalers deliver to actual shareholders.

    Here is the lead to the complete story below, as well as a link to the complete article:

    “Creative destruction” is coming to the $2.8 trillion health care industry, changing everything from eligibility requirements to coverage options, but the changes also are fundamentally affecting a small, but power group unknown to consumers: insurance brokers.

    However, as this small, but lucrative profession of insurance brokers undergoes major changes, they also may indicate the future of another group of lesser-known professionals–mutual fund wholesalers–who have so far evaded change, even as the financial services industry continues to resist any types of reform after the 2008 recession.

    For the complete story, visit Paladin Research and Registry

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    Chuck Epstein has managed marketing communications and public relations departments for major global financial institutions and participated in the launch of industry-changing financial products. He also has written by-lined articles for over 50 publications, five books and served as editor and publisher of nation’s first newsletter on the topic of using the PC for personal investing and trading. (“Investing Online, 1994-1999). He also is a marketing consultant, writer and speaker on topics related to investor protection and opportunities in the very dynamic cannabis industry. He has held senior-level marketing, PR and communications positions at the New York Futures Exchange, Chicago Mercantile Exchange, Lind-Waldock, Zacks Investment Research, Russell Investments and Principal Financial. He has won national awards from the Mutual Fund Education Alliance (MFEA) and his web site, www.mutualfundreform.com, was named best small blog in 2009 by the Society of American Business Editors and Writers (SABEW).

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