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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
August 06, 2008 at 11:52 AM
A “challenging life insurance underwriting environment in the high net worth, older age market” affected results at National Financial Partners Corp. during the second quarter.
Here is a summary of the earnings report issued by NFP:
National Financial Partners Corp., New York
2 Q 2008 Results
NET INCOME: $10 million
REVENUE: $288 million
2 Q 2007 Results
NET INCOME: $10 million
REVENUE: $283 million
- NFP, a financial services distributor that owns about 180 firms, says it paid about $12 million for 6 acquisitions and “sub-acquisitions” completed between April 1 and Aug. 5. The acquired firms generated $7.6 million in revenue in 2007.
- The company reports that life brokerage, group benefits and financial advisory businesses continued to grow, but economic and financial market conditions started to hurt in the second quarter.
- Tough life underwriting for older, wealthier individuals affected the company’s executive benefits, retail life and life settlement businesses, NFP says.
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