WealthManagement.com: “RetireOne Acquires Edelman Platform to Help RIAs Offer Fee-Only Annuities”

Of RetireOne’s EF Legacy Securities broker-dealer purchase, WealthManagement.com journalist Patrick Donachie says the deal “will enable RetireOne to offer greater options for RIAs interested in commission-free insurance and annuities products.” This is especially valuable for former broker-dealer registered representatives who are transitioning from the commissioned-based compensation model to the fee-based model.

The significance of the deal, as Donachie points out, is that the insurance industry is undergoing a transformation. He says, “While annuities sales are primarily commissions-based, firms are innovating in an attempt to create new opportunities.”

Read more →