DOL Regs & Ohio National's Possible RIA Only Product?

[scagnt83]

And this is my sticking point. In my opinion, you are 100% accurate.

BUT, until fixed annuities can be viewed as an asset class as opposed to a "product", that justification will be very difficult.

I would still hate to have a hard charge on a FIA if it is still possible for me to wear my Insurance Agent hat and give them a better performing product.

Hopefully ONs decision is related more to distribution channels and not because of regulatory concerns.

 

[pfg1]

Hopefully ONs decision is related more to distribution channels and not because of regulatory concerns.

I tend to think that way too. And I agree, Doc didn't make that word choice by mistake. Will be interesting to see how this whole DOL load of crap shakes out. IMO, its just a play for the gov't to get more control.