Remove Commission Remove Fee Only Remove Fiduciary Duty Remove Retail
article thumbnail

Should you die and go to hell before selling an annuity?

Sara Grillo

Fee only advisors can now purchase annuities for their clients without having to be licensed agents. Do advisors breach fiduciary duty when they fail to recommend annuities? Are commissions bad? Macchia argues that mutual funds and REITs are not fiduciaries; product manufacturers are typically not.