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Wachovia Annuity Commission

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Mar 22, 2009 5:59 pm

MinimumVariance

Joined: Offline

so the equities that VA's are allocated to are for companies located on Mars?

Mar 22, 2009 7:35 pm

ssirish

Joined: 2009-03-21Offline

I’m with finet. We are paid the same commision as on the pcg side. If there is a haircut at pcg there is the same haircut at finet.

Mar 26, 2009 1:41 am

Redpen

Joined: 2005-08-07Offline
Redpen:

Finet…no haircuts

  I questioned the Finet Rep yesterday. There is a freakin haircut on annuities at Finet. I asked why. He said because they want level payout on all products so FA's don't favor one over the other. That is the wirehouse crap I've heard for ever.   The small firms and Indys that I have talked to mostly do not haircut. They may not have every product but do not cut.  Bad info on my part.