DPL survey: advisors can grow revenue, improve client plans with annuities
October 24, 2023 by John Hilton
Schneider Small Cap Value Fund is one of the worst-performing mutual funds of the past 25 years, Morningstar said recently, returning -18.9% after losing its bet on distressed energy company Chesapeake.
Still, no advisor would warn clients off of mutual funds just because Schneider struggled. While not mentioning any specific mutual fund, panelists made the general analogy of poor mutual funds to so-called bad annuity products during a webinar Tuesday sponsored by DPL Financial Partners.