RIAs report greater interest in FIAs
June 26, 2024 by Susan Rupe
In today’s environment, many fiduciary advisors are turning to protection products such as fixed indexed annuities and fixed annuities to offset client portfolio risk.
That was one of the findings from Security Benefit’s Registered Investment Advisor Benchmark Study. The study looked into RIAs’ perspectives regarding client practices, economic sentiment, product diversification and the impact of the upcoming presidential election on the markets.
Click HERE to read the full story via INN
Wink’s Moore on the Market: This was an interesting article, filled with tons of stats.
However, we need to be again reminded that there are two kinds of RIAs in the annuity market: those who charge fees, and those that take commissions.
The former only account for 0.99% of the $29.1 billion in indexed annuities sold 1Q24.
The latter account for nearly one third of all indexed annuity sales. -sjm
