Submitted by Anonymous on
This is a pretty expensive variable annuity product.
Total fees and expenses can get up and around the 3.5 percent range.
How can a financial advisor justify 3.5 percent in fees year in and year out when interest rates and investment returns are so low?
That is such a high hurdle. You may as well be investing in a hedge fund that charges 2 and 20.
Maybe Allianz is too accustomed to the indexed market where sales commissions are high and the products are not as transparent.
It seems that much of the variable annuity market is headed in the direction of lower fees.
Would be great of the Allianz VAs head in the same direction.
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