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May 01, 2009 at 08:00 PM
About 20% of registered investment advisors would consider using immediate annuities for a portion of their clients’ rollover assets, according to Cerulli Associates Inc.
In general, RIAs are not warming to the idea of using annuities, as most deferred products are inconsistent with the fee-based business model, says Cerulli, Boston.
However, in the current market environment, RIAs are giving immediate annuities a second look, the research firm reports, noting that 13% of RIAs included in Cerulli advisor surveys say immediate annuities are good choices for a portion of rollover dollars, while deferred annuities are not.
