Annuities
In the right situation, Fixed annuities can be a valuable component of your financial plan, providing income, principal protection, and tax deferral. Through our partnership with DPL Financial Partners, WM&A has access to a curated selection of commission-free (no-load) products. DPL is the leading insurance and annuity marketplace for fee-only registered investment advisors (RIAs) and their clients. This allows fiduciary advisors to incorporate annuities into financial plans without conflicts of interest, providing lower costs and higher value.
If a client has an existing annuity, we can help review the alternatives and see if it makes sense to surrender the policy or move it into a commission free and cheaper alternative. WM&A can also manage Variable Annuities as we do mutual fund portfolios based on our standard fee schedule.
How We Can Help
- Clarify your needs: We begin by understanding our income goals, risk tolerance, and retirement timeline to determine if an annuity fits your strategy.
- Explore your options: From fixed and variable to indexed annuities, we can work through DPL to shop many providers for the lowest cost and highest rated providers available.
- Ongoing support: Once the policy is issued, we continue to review an optimize your annuity strategy to ensure it remains aligned with your goals and market conditions.
- Fees: While DPL receives no commissions, DPL may charge a one-time origination fee of up to 1%. WM&A’s only compensation is our Retainer Servies Fee which may be reduced or waived in some cases.
- Annuity Review: We can provide a complementary fiduciary second opinion and evaluation on any existing annuities and possible cheaper and more flexible alternatives.
Ready to make your retirement income more reliable?
Let’s take a closer look at how commission-free annuities could strengthen your plan.