Are there any insights on what direction the Allstate Broker Dealer is going to? Seems like Allstate leadership has indicated they want to focus on Property and Casualty. If they do get rid of Broker Dealer, where does that leave the Exclusive Financial Specialists in the grand scheme of things?
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They are getting ready to do a massive cut on FSC's, and EFS recruiters, I am sure EFS's will get cut too, I think FSC's have been told they need to do assessments already.
@2hit+1cm1m31M great things that you pointed out. However, what about the back office expense that goes along with a broker dealer. There are probably at least 75 compliance officers and add in financial sales leaders and processing ect. It is not pure profit when you factor in the expese ratios.
My guess is they will keep the Broker/Dealer. Agents can still focus on P/C and EFAs. Products sold by EFAs are 3rd party, so there would be no reason to discontinue.