Week 2: Annuities and Mutual Funds

Annuities & Mutual Funds – Video Webinar – Fall 2021

Video Presentation By Peter Kote, Don Vivrette & Paul Horn

In Week 2 we focus on two of the most heavily sold products by financial broker/dealers, insurance companies, banks and credit unions; Annuities and Mutual Funds. There are many other financial products sold (hedge funds, structured notes, options, individual stocks and bonds, etc.) by Wall Street. We strongly believe that 95% of the U.S. public should NOT purchase a commissioned financial product (plenty of no commissioned products in the marketplace) because of the inherent conflicts in the sale.

You need to ask: Is the recommendation being made because the product is best for the consumer or is it best for the sales person in terms of a commission? Your major broker/dealers have annual net earnings that average over $8 Billion per year.

For annuities please understand the SURRENDER CHARGES. For example, if the surrender charge is 7% in the first or second year, it is more than likely that the sales person’s commission is 7% of the investment. For mutual funds, you must understand how you are being charged (A, B & C shares) and the expense ratio because expenses are a major detriment to the annual performance of the fund you have chosen.

HighTower Whiteboard Animation: Brokers vs. Fiduciaries

Investors are taking a hard look at the people managing their money. Elliot S. Weissbluth, the CEO of HighTower, has been a visionary on this issue for over a decade. In this whiteboard video, Elliot cleverly explains the difference between brokers and fiduciaries and sheds light on the issues surrounding the industry.

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