Process of Buying Annuities

[nickzimmer]

I am interested in learning how RIAs and bank-owned RIAs determine their fixed annuity contracts. Do both interact with an intermediary like an IMO? Do bank-owned RIAs establish contracts with an IMO or a life insurance company? Thanks in advance for shedding light on this process.

 

[DHK]

Why would a business entity purchase annuities? I can't think of a reason.

Now, if you're asking how RIAs and bank-owned RIAs choose their annuity contracts to sell to their clients... that's a different story. Most would simply align themselves with an IMO to help ensure that the RIA and/or B/D gets their cut - and any rep "selling away" from the firm can be disciplined for doing so.