FOR IMMEDIATE RELEASE
Guaranteed Retirement Income Program
CDR Financial Products &
FSD Financial Services Announce Revolutionary New Guaranteed Lifetime Income
Program
Thursday May 5, 3:50 pm ET
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May 5, 2005--CDR Financial Products
who, over the last twenty years has created innovative and efficient
products for the institutional marketplace, and FSD Financial Services,
responsible for building many of the cutting edge annuity products on the
market today, announced that they are unveiling their joint venture "GRIP",
"Guaranteed Retirement Income Program". Grip Retirement addresses the income
needs of current and future retirees by offering lifetime guarantees while
positioning itself as a service provider resource.
According to published reports, 95% of Americans have financial concerns
about their retirement and 42% are afraid they will either run out of money
prematurely or will be unable to maintain their current lifestyle in
retirement.
"The Golden Years can now remain Golden," said FSD's Bob Affronti, Director
of Financial Services. "There are over 78 million baby boomers gearing up
for retirement with over $16 trillion dollars in retirement assets. Most
individuals fail to understand the need to insure against longevity risk.
The guaranteed life annuity is the only financial product that can fully
cover this risk. With the institutional insight provided by CDR Financial,
our Guaranteed Retirement Income Program is the answer to help employees as
they retire. Living longer should not equate to working longer. People
should have style in their life and not just a life style. GRIP Retirement
provides an income which cannot be outlived. Guaranteed!"
Scott Sokol, Managing Director of CDR Financial Products adds "we are very
happy to have capitalized on our long-standing relationship with FSD
Financial and have come up with a "Win-Win" solution for Service Providers,
Third Party Administrators, Financial Planners, and of course the retiree."
Sokol continues, "GRIP offers the service provider universe the best of both
worlds; institutional product pricing for their participant, a no cost,
turn-key program, which offers state of the art income products and a way to
protect the participants during the distribution phase while meeting their
fiduciary responsibilities."
GRIP Retirement is a "tailor made" program in a world of "off-the-rack"
products. "Tomorrow's needs are the focus of GRIP today," said Affronti.
"With product from top tier AAA/AA rated providers, we can be the annuity
product platform of choice for the service provider universe. Through
innovative product design, GRIP Retirement solves all the concerns of
previous annuity products," Affronti added.
"GRIP was constructed with the priorities of customer service, income and
product creditworthiness in mind," says Sokol. "The minute you enter the
realm of our program, the attention and treatment are all encompassing.
Every step of the process you are carefully assisted by consultants who are
providing a service to help meet the retirees retirement needs and we don't
see the participants as a bloated commission. With GRIP, your security
blanket will cover your financial mattress entirely," added Sokol.
From the combined expertise of CDR Financial Products and FSD Financial,
there is now a program on the market that is very user friendly, provides a
toll free number directly to a trained consultant, is technologically savvy
including a pro-active product menu in a format that gives new meaning to
the phrase "Get a GRIP".
About CDR F.P. and FSD Financial Services
CDR Financial Products is a national capital markets group that creates and
markets leading edge financial products and services to the institutional
investor sector. We operate across eight distinct business units. Our
business execution model incorporates skill sets and resources from these
respective business units to provide value added products and services to
its clients.
Over twenty years of market participation has allowed CDR to build a
repertoire of experience, the culmination of which is represented by our
market presence. Each of our groups analyze current market opportunities,
and work collectively, to create products and services that anticipate
client needs. Additional information can be found on the companies' website
at www.cdrfp.com.
FSD Financial Services, a nationally known annuity marketing firm, was
created in 1991 to overcome annuity market complexity while fulfilling
agent, client and market needs. Its founder, a 35 year industry veteran with
over 20 years as an insurance company executive, has designed and built many
cutting edge annuity products. Currently he is providing expert agent
training and annuity analysis to agents from across the country.
The FSD staff is highly trained to handle all administrative duties and
provide expertise, technical support with comprehensive access to the
annuity marketplace. Additional information on FSD Financial Services can be
found at: www.fsdfinancial.com
Contact:
CDR Financial
Products, Inc.
Scott Sokol 804-740-9611
scotts@gripretirement.com
or
FSD Financial Services
Bob Affronti, 818-881-6970
fsdfinancial@earthlink.net
Source:
CDR Financial Products, Inc.
See at Yahoo
http://biz.yahoo.com/bw/050505/55839_1.html
See at Kiplinger.com
http://www.kiplinger.com/news/XmlStoryResult.php?storyid=20050505290.2_0fa8001e62e3ce32
For More Information Contact:
GRIP Retirement LLC
9777 Wilshire Boulevard Suite 800
Tel: 800-373-9697
FAX: 818-881-6973
Internet:
service@gripretirement.com
GRIP
RETIREMENT
SM, LLC 
