Deal ensures Schwab is the exclusive referral wealth management provider to USAA members, but given smaller account sizes, "we don't see conflicts in this and the RIA channel," says a Schwab executive.
Read this research paper that compares the performance of a variable annuity (VA) with a guaranteed minimum accumulation benefit (GMAB) against several popular fixed indexed annuity (FIA) designs, including a finding that to exceed the performance of a VA with a GMAB (higher performance 50 percent of the time), a FIA strategy using a rate cap must have a cap greater than 8.25 percent. SMRU 1813377 For registered representative use.
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