Survey: Annuity providers see a path in the RIA channel

November 6, 2023 by John Hilton

The push to include more annuities in the registered investment advisory channel has, so far, been largely a story of unrealized potential.

Annuity companies have wooed wealth managers and independent investment advisors for several years, offering reduced contract expenses and new annuities that focus on retirement planning risks, and creating fee-based versions of popular commission-based annuities.

Despite the full-court press, however, annuity sales through the advisor channel remain minuscule. But encouraging signs are there, according to Goldman Sachs Asset Management’s 2023 Annuity Survey.

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Originally Posted at InsuranceNewsNet on November 1, 2023 by John Hilton.