Sheryl J. Moore, thanks for shining a light on Allison Bell's ThinkAdvisor piece with Scott Bowers! We're proud to be at the forefront of annuity innovation, and we deeply value your perspective and appreciate your acknowledgment of our efforts.
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I truly admire what FIDx is trying to accomplish. I mean- if we can get annuities in front of more financial professionals, and they embrace them, it will grow the annuity market. However, sales of fee-based annuities dropped to 2.74% in the third quarter, 2024. Still- that is no small chunk of a $110 billion market! I loved this intel in this article though: "The percentage of FIDx business coming from commission-based transactions is likely to rise because some of the broker-dealers coming on board want to put commission-based sales and fee-based transactions on the same platform," said Scott Bowers. Isn't THAT interesting?!? Scott goes on to say that "...a higher percentage of the clients coming in through registered investment advisors are adding fresh cash to the annuity market, not simply replacing old annuities with new ones." Plus, he indicates that the average case size for fee-based annuities is double that of commissioned contracts. Good anecdotal information! My thanks to Allison Bell at ThinkAdvisor for this one. #FIDx #Annuities #RIAs #Fiduciaries #ThinkAdvisor #IntelRockstar https://lnkd.in/gz7YqZMb