Source of funds still a gray area for insurance-only agents
May 6, 2013 by Maria Wood
For an industry many think is already over-regulated, there is one area where insurance-only agents could use a bit more regulatory guidance and clarity, and that’s when a client wants to liquidate securities to purchase a fixed annuity.
For a registered investment advisor (RIA) or registered rep, it’s not a dilemma. They are permitted, under state law, to dole out investment advice as it pertains to securities sales and purchases. Click here to read…