Summit Announces Launch of Summit’s Maximized Annuity Concept (MAC)

Boca Raton, FL, September 27, 2013 – Summit Brokerage Services announced today at its National Convention, the launch of Summit’s MAC, enabling all of Summit’s advisors the ability to easily weigh the potential benefits of utilizing a variable annuity in conjunction with a fixed indexed annuity to benefit their clients. “This is a concept which could potentially help many clients in today’s marketplace,” said Harlan Wenig, Insurance and Annuity Coordinator at Summit.

Positive Potential Client Impact

Many clients are interested in variable annuities for their living benefits, but the contracts have gotten more expensive and benefits have decreased. Other clients realize that fixed indexed annuities typically have lower fees and potentially higher living benefits (than variable annuities), but offer limited upside potential. Summit’s MAC calculator shows advisors how the combination of a variable annuity and a fixed indexed annuity affects a client’s overall living benefit, fees and upside potential and help clients reach their goals and objectives. “At Summit, we have a culture that puts our advisors and their clients first. By developing MAC, we’ve been able to adjust to the recent changes in the annuity marketplace by developing a concept for our advisors that can potentially benefit their clients,” said Rob Crowe, Chief Marketing Officer and Executive Vice President at Summit.

Summit’s MAC Availability

Summit’s MAC calculator is available exclusively to Summit Brokerage Service’s advisors to help them deliver the best potential outcome to their clients. For more information on Summit’s MAC, contact Harlan Wenig at (561) 338-2646 or

About Summit Brokerage Services, Inc.

Summit Brokerage Services, Inc. is a Florida-based financial services company that provides a broad range of securities brokerage and investment services to primarily individual investors. Summit Brokerage also sells insurance products, predominantly fixed and variable annuities and life insurance through its subsidiary, SBS Insurance Agency of Florida. Summit Brokerage also provides asset management services through its investment advisor, Summit Financial Group, Inc.

Variable annuities and fixed index annuities are insurance contracts. All contract and rider guarantees, including those for optional benefits, fixed subaccount crediting rates, or annuity payout rates, are based on the financial strength and subject to the claims-paying ability of the issuing company, which is solely responsible for all obligations under its policies. This concept is designed and intended for use only with products which offer living benefits, and where there is reasonable belief that the living benefits will be used by the customer. Insurance and security products are not FDIC insured and may lose value.


Media Contact
Contact Person: Mindy Clapp
Company Name: Summit Brokerage Services, Inc.
Telephone Number: 561.338.2770
Fax Number: 561.338.2843
Email Address:
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