Merrill Lynch. Morgan Stanley Smith Barney. UBS Financial Advisors. Wells Fargo Advisors.
Per InvestmentNews magazine, in what seems to be an about-face, wirehouses are embracing fixed indexed annuities.
"In the old days, indexed annuities weren’t a product you could be proud of selling," said John Mulhall, managing director at Merrill Lynch Global Wealth Management. "Five years ago, nobody hated that product more than me, but now I’ve seen the light."
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