No Load VA's for RIA's

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Jan 14, 2010 1:07 pm

For those of you in asset management fee only practices, what have you seen in the area of available no load VA's where a management fee can be assessed? I'm particularly interested in the ones that have living benefits available.

Obviously, cost relative to benefit is the primary goal in looking for these.

Jan 14, 2010 1:24 pm

http://registeredrep.com/mag/financevariable_annuity_providers_0501/



Good article about this.
 
Does an RIA need any additional licenses to sell a no-load VA?  I am curious if they need a 7 or not, or if the 66/65/63 does the trick like with securities.
What about fixed annuities?  Do you need to have your insurance license as an RIA if you are not commissioned?
Jan 14, 2010 1:35 pm
B24:

http://registeredrep.com/mag/financevariable_annuity_providers_0501/


Good article about this.
 
Does an RIA need any additional licenses to sell a no-load VA? No, because we don't technically sell them. I am curious if they need a 7 or not, or if the 66/65/63 does the trick like with securities. 65 is fine.

What about fixed annuities? Ice and I had a conversation about this, I'm not sure.  He has been doing some research though. Do you need to have your insurance license as an RIA if you are not commissioned?  If you plan to sell insurance it has to be for a separate company.  But must be disclosed on your ADV.
Jan 14, 2010 2:46 pm
Moraen:
B24:

http://registeredrep.com/mag/financevariable_annuity_providers_0501/



Good article about this.
 
Does an RIA need any additional licenses to sell a no-load VA? No, because we don't technically sell them. I am curious if they need a 7 or not, or if the 66/65/63 does the trick like with securities. 65 is fine.

What about fixed annuities? Ice and I had a conversation about this, I'm not sure.  He has been doing some research though. Do you need to have your insurance license as an RIA if you are not commissioned?  If you plan to sell insurance it has to be for a separate company.  But must be disclosed on your ADV.
 
Thanks.  So from how I read this, you only need the licenses if you are selling insurance for commissions?
Jan 14, 2010 2:55 pm
B24:
Moraen:
B24:

http://registeredrep.com/mag/financevariable_annuity_providers_0501/


Good article about this.
 
Does an RIA need any additional licenses to sell a no-load VA? No, because we don't technically sell them. I am curious if they need a 7 or not, or if the 66/65/63 does the trick like with securities. 65 is fine.

What about fixed annuities? Ice and I had a conversation about this, I'm not sure.  He has been doing some research though. Do you need to have your insurance license as an RIA if you are not commissioned?  If you plan to sell insurance it has to be for a separate company.  But must be disclosed on your ADV.
 
Thanks.  So from how I read this, you only need the licenses if you are selling insurance for commissions?



Yes

Jan 14, 2010 5:54 pm

Ok....

VA's you can do jefferson pilot, etc. any no loads you can do if you are an ria.

Fixed annuities you need to have your insurance license. an annuity contract is issued by an insurance company and is considered life insurance. Same with EIA's.

Jan 15, 2010 8:20 pm

I am aware of Jefferson Pilot, and this is actually what I was wondering and was hoping for any other companies. Judging from the response, none of the RIA's on the board have placed any assets in VA's though ?