RIAs Give No-Load Annuities Another Look
December 3, 2019 by Ben Mattlin
Tom Meyer can hardly believe what he’s saying. “I’ve been anti-annuities for 36 of the past 37 years, but there are new products that are worth considering,” he says.
Meyer is CEO of Meyer Capital Group, a fee-only investment management and financial planning firm in Marlton, N.J. Annuities, he explains, were not in his playbook because they were “hard to understand and had hidden fees. People were being sold a bill of goods.”
But now, he’s begun to change his mind. “There are some now that are basically fee-only, RIA-friendly, client-friendly, much easier to understand and far cheaper,” Meyer says.