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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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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
November 02, 2004 at 07:00 PM
NU Online News Service, Nov. 2, 2004, 6:35 p.m. EST
The brokerage arm of Marsh & McLennan Companies Inc., New York, wants to collect its pre-Oct. 15 contingency commissions.[@@]
The Marsh Inc. unit responded to New York Attorney General Eliot Spitzer’s attacks on contingency commissions on Oct. 15 by terminating the market services agreements that included the contingency commission provisions.
But Marsh still hopes to collect payments due under the agreements before they were terminated, Marsh & McLennan says. The company estimates insurers owed it $230 million in contingency commissions at the end of the third quarter.
Marsh & McLennan says it will use the money to help pay for any restitution required by Spitzer.
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