Will Fee-Only Advisors Warm to Annuities?
October 24, 2018 by Kerry Pechter
At the National Association of Personal Financial Planners’ meeting in Philadelphia this week, Wade Pfau of The American College and David Lau of DPL Financial Planners urged fee-only advisors to mix annuities and investments in retirement. (Painting of Philadelphia trolley stop by Paul Santoleri.)
The trouble with fee-only advisors—from an annuity marketer’s viewpoint—is that they are master craftsmen. They dig annuities as much as Culinary Institute grads dig Swanson TV dinners. They do custom work.