Some broker-dealers changing indexed-annuity compensation due to DOL fiduciary rule
Some firms that currently allow advisers to report indexed-annuity sales as outside business are considering bringing it in-house to better monitor their brokers, control risk and potentially take a cut.
Brokerage firms are evaluating how they and their advisers get paid for indexed annuity sales to clients, as the start date of a new Labor Department rule governing investment advice in retirement accounts inches closer.
At present, many broker-dealers don't require their advisers to clear indexed
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