Advisor: DOL Rollover Fee Disclosure Plan Would Hurt Annuities

November 21, 2023 by Allison Bell

An investment advisor who is skeptical about annuities predicts that the Labor Department’s rollover fee disclosure proposal will hurt annuity sales.

John Nowicki, president of LCM Capital Management, a Chicago-based registered investment advisor, welcomed DOL efforts to have financial professionals create comprehensive rollover assessments when helping clients who are thinking of moving assets out of 401(k) plans or individual retirement accounts.

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Originally Posted at Think Advisor on November 21, 2023 by Allison Bell.