Financial Advisor: Rule Will Make Variable Annuity Commissions And Fees Clearer
Birmingham-based Attorney, Rhett Owens, was quoted in an article for the Financial Advisor. The article was published on December 8, 2015 and titled "Rule Will Make Variable Annuity Commissions And Fees Clearer."
The idea, ostensibly, is to implement "full disclosure of what commissions are being charged and how much in fees the advisor is getting," says Rhett Owens, a commercial litigation attorney at Burr & Forman, in Birmingham, Ala. "This could be a good thing. VAs are investment vehicles and should be treated as such. [But] I do think it's going to create a price war."
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