One of the nation’s largest independent broker-dealer networks, National Planning Holdings, set a record with the number of financial professionals with which it was affiliated in the second quarter.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.