RIA & Insurance

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Mar 7, 2011 9:51 am

This might have been covered before but I could not find it.  How do RIA's deal with life insurance cases?  Can you sell life insurance and collect a commission?  Do you outsource this business?

Mar 7, 2011 12:05 pm

[quote=SuperMan]

This might have been covered before but I could not find it.  How do RIA's deal with life insurance cases?  Can you sell life insurance and collect a commission?  Do you outsource this business?

[/quote]

The short answer is yes. It has to be disclosed on your ADV.

I know of RIA's who outsource Insurance biz, trying not to blur the line as fiduciaries. Others will gladly offer Insurance as they believe they are holistic in their offerings.