Variable annuities are a polarizing topic within the financial industry. DCM can help you better understand your annuity by providing a thorough analysis, including a breakdown of fees, features, and riders.
We can also determine if there are more suitable, less expensive options and provide a side-by-side comparison to your existing annuities. If the analysis indicates a new annuity might make sense, we now have the ability to manage your new annuity at your request.
Historically, as a fee-only fiduciary, we have avoided the conflicts of interest that can arise from the large commissions annuities often offer financial advisors. However, relatively new to the industry are “Advisory” annuities. These “Advisory” annuities offer low-cost, no-load alternatives that strip out many of the fees associated with traditional commission-based annuities.
This allows us the opportunity to manage annuities in the same manner as we manage investment accounts, including an annual advisory fee commensurate with fees charged on other client assets under our management. Additional costs associated with these types of annuities can be as little as a $20 per month administrative fee levied by the issuing company.
If you have an annuity and are interested in conducting this analysis, please contact your DCM advisor to discuss next steps. We are happy to help.
