November 13, 2008
To the SEC:
As a member of the FPA, I am in support of the proposed rule to add SEC regulatory oversight regarding variable annuity sales. I currently am a fee only investment manager and financial planner, but I have been in the insurance industry in the past. On both sides during my twenty years of experience, I have seen significant abuse relative to variable annuity sales. The victims are clients, family, friends, the elderly and the unsophisticated. Additional oversight can be a help to those who need it most.
Regards,
Barbara Adamson, CFP®, CLU
Wealth Manager
Wetherby Asset Management