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NAIFA President Robert Miller says in an InvestmentNews column that alleged abuses on Wall Street don't taint NAIFA members and other advisors who operate on Main Street. Mr. Miller writes:
"[N]ot all financial professionals are hewn from the same cloth. For instance, members of the National Association of Insurance and Financial Advisors and their colleagues serve clients in their hometowns across the country.
"They provide needed financial services and advice to people who lack the resources or desire to work with a multinational investment bank or even a wealth management firm. They are Main Street, not Wall Street.
"Nearly 60% of NAIFA members' clients earn $100,000 a year or less, according to research by LIMRA International Inc."
You can read the rest on the InvestmentNews website.