More advisers are becoming open to the products, but many still don’t like their costs, complexity and lack of liquidity
With this headline, “Just say no to annuities, one-third of RIAs say: Survey,” Emile Hallez (InvestmentNews) certainly interprets the results of RetireOne’s joint RIA survey with Jackson as ‘glass half empty.’ Or maybe it’s ‘glass third empty.’
In spite of what the headline may convey, the article itself offers a different angle on changing Advisor attitudes toward annuities. The subhead, for example, takes the other side: “More advisers are becoming open to the products, but many still don’t like their costs, complexity and lack of liquidity.”
Furthering the point, Hallez says, “The fact that more than two-thirds of RIAs said they are open to recommending annuities to clients who are interested is progress for the insurance industry, which has struggled to make inroads with advisers.”
He also cites a recent study from Cerulli that says advisors who ruled out annuities are reconsidering.