Another Reason Advisors Are Warming to Annuities
October 5, 2021 by Bernice Napach
Beyond the usual reasons given for the growing use of annuities among financial advisors including an aging population, expansion of non-commission products and low bond yields is a little-known development that DPL Financial Partners uncovered in a recent advisor survey: They are making little or no money on fixed income assets.
According to the survey, “well over a third of respondents said they either charge reduced fees on fixed income assets or no fees at all,” leading some to put more of their clients’ capital in riskier assets such as dividend-paying stocks and lower-rated bonds with higher yields.
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