Process of Buying Annuities

Discussion in 'Annuities Forum' started by nickzimmer, Aug 12, 2017.

  1. nickzimmer
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    nickzimmer Member

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    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.
     
    Last edited: Aug 12, 2017
  2. DHK
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    DHK Well-Known Member

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    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.
     
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