Distributors Foresee Annuity Boom Through Advisory Channels
April 9, 2019 by John Hilton
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.
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Originally Posted at InsuranceNewsNet on April 5, 2019 by John Hilton.
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