tied agent

tied agent
Also known as appointed representatives.
See polarisation. Dresdner Kleinwort Wasserstein financial glossary
————
A tied agent is a financial salesman who can only offer to sell the products of one company, rather than looking at the whole market for products that best suit you.

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tied agent UK US noun [C] FINANCE, INSURANCE
someone who is paid by a financial organization to sell and give advice only on its investment products, not on those of its competitors
Compare INDEPENDENT FINANCIAL ADVISER(Cf. ↑independent financial adviser)

Financial and business terms. 2012.

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