2/07/2007
- Outer
Banks Financial
And Vector Variable
Annuity Featured
In Financial Advisor
Magazine
RALEIGH, N.C./EWORLDWIRE/Feb.
7, 2007 --- Outer
Banks Financial,
a Raleigh, N.C.
based
product development
consulting firm
specializing in
the design, development
and rollout of annuity
and mutual fund
products. is featured
in the Financial
Advisor Magazine
(http://www.fa-mag.com)
article, "Variable
Annuities Get Sales
Boost." In
the article, Elliott
Shifman, president
of Outer
Banks, LLC, speaks
about both the current
and future status
of the marketplace.
"I think we're
coming to a point
where we're creating
products that are
really resonating
with clients' needs
for
income guarantees,"
says Shifman.
A 17-year veteran
of the insurance
industry, Shifman
founded Outer Banks
Financial, LLC with
a
strong history of
developing and marketing
financial products
within the financial
services industry.
His experience includes
financial product
engineering, primarily
on downside protected
products
within variable
annuities, and proprietary
product development
within the NASD
broker dealer and
financial institutions
channels.
With sales booming
and some estimates
that VA assets could
grow from $1.3 trillion
to $5 trillion by
2010, the future
certainly looks
bright. The next
focus will be on
performance and
fund selection and
management, says
Outer Banks' Shifman.
"You have to
give advisors the
ability to add alpha
for
clients. If you
just provide them
with downside protection,
and they're investing
in low returns or
index funds, you
won't add value."
Shifman recently
created a new variable
annuity (the Midland
Vector Variable
Annuity) for Midland
National Life. It's
designed for active
money managers who
like to engage in
momentum and sector
rotation investing.
Forty-nine of the
annuity's 79 subaccounts
have no trading
restrictions and
five
allow twice daily
trades. The annuity
also offers two
high-yield bond
funds.
For further information,
contact Outer Banks
Financial and the
Vector Variable
Annuity at 866-688-
3725 or online at
http://www.vectorannuity.com
and http://www.outerbanksfinancial.com.
Back
to Media Main Page
|
