November 17, 2008
As a fee-only, hourly-only financial planner and investment advisor, I support the proposed rule. I am a CPA, CFP and have been inundated with clients who have been sold annuities they don’t understand and that don’t do well even in good markets. Because I offer my services on an hourly basis, I am available to anyone who needs financial advice or education. I have spoken to annuity salesmen, on behalf of clients, who do not understand the products they are selling and cannot explain them to anyone. These consumers need protection.
Sincerely,
Carolyn Rogers