Distributors Foresee Annuity Boom Through Advisory Channels

Distributors Foresee Annuity Boom Through Advisory Channels

BALTIMORE — Raymond James Insurance Group executives spend a lot of time in meetings sorting through issues related to commission-based sales.

While the Department of Labor fiduciary rule is gone, tossed out by a federal appeals court one year ago, the compliance spotlight it shone on commission annuity sales remains.

"At every one of these meetings, we say ‘You know if we were just 100 percent advisory we wouldn’t even be having this discussion,’" said Scott Stolz, president of Raymond James Insurance Group.Stolz was part of a final-day panel titled "Distribution Speaks" at the 2019 Retirement Industry Conference.Raymond James has about […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.