A Question of Transparency in Financial Planning A recent story about a Texas couple highlights important questions about transparency and accountability in the financial planning industry.
The couple had amassed a substantial nest egg, nearing retirement, when their advisor recommended moving a significant portion into a fixed indexed annuity that generated a hefty upfront commission.
The issue is not with the product itself – fixed indexed annuities can be legitimate investment options for certain clients – but rather the lack of transparency surrounding the advisor's compensation.