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October 23, 2006 at 03:41 PM
Many financial professionals like the idea of insuring the assets that clients shift out of employer-sponsored retirement plans.
Although the majority of financial advisors say they are most likely to recommend that clients put retirement account rollover assets into ordinary mutual funds, many advisors say they also help clients roll assets into fixed and variable annuities.
Researchers at Financial Research Corp., Boston, have published that finding in a report on a survey of 379 advisors and a related survey of insurance and distribution company sales executives.
About 60% of the advisors who participated are financial planners or reps with independent broker-dealers. The others are in the regional broker, wirehouse, insurance, bank or registered investment advisor channels, according to FRC researchers.
