10 IBDs with the most annuities revenue
Annuity sales actually declined last year amid the massive amount of uncertainty created by the Covid-19 pandemic. Sales for 2020 totaled $219.1 billion, down from $241.7 billion in 2019, according to Limra’s Secure Retirement Institute. But some independent broker-dealers still earned a solid chunk of their revenue from annuities. Here are the 10 IBDs that took in the most annuity revenue last year, based on data collected from firms that participated in InvestmentNews' independent broker-dealer survey.
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[More: In face of pandemic, IBDs proved resilient in 2020]