Who is valic

VALIC, a SEC-registered investment adviser and broker-dealer, specializes in retirement plans for schools, colleges, and not-for-profit organizations. Investors should review their portfolio to determine whether VALIC or AIG acted in the investors best interest and sold investors products that were suitable for their retirement or was their retirement limited because of excessive fees, costs and commissions.

Variable annuities are big business and insurance companies and retirement planners sell billions of annuities each year. In some cases, these investments are not suitable for investors. This is because of the large fees and commissions associated with annuities that insurance companies and financial advisors take. A broker may recommend a variable annuity because it generates some of the highest commissions and fees.

Featured resources. Retirement Pathfinder Create a personalized plan at no cost. Education Center Articles and insights on finances, life stages and retirement. Latest articles. Insights from What we learned Though was an unprecedented year, there are financial lessons we can bring to Learn More. How to retire early, part 1 Want to retire early? How to navigate the 10 years before retirement The decade before retiring is often a good time to fine-tune a retirement plan.

Find out more. Have a question? Contact us. In addition to being an investment advisor, Valic is also a broker-dealer. Though advisors are employees of the company, they are technically independent advisory representatives IARs. They are also broker-dealer representatives and most are insurance agents, making Valic a fee-based firm.

Like many corporate subsidiaries, Valic Financial is part of a large and confusing organizational structure. The vast majority of clients are not uber-wealthy. Most clients are not considered high net worth individuals , although a sliver of Valic Financial client base is considered to have a high net worth. The company also works with participants in employer-sponsored retirement plans, trusts, corporations and other business entities, depending on the advisory program.

Minimum account sizes also depend on the advisory program.