Conversion of CDs to annuities is a big opportunity for wealth managers

03/10/2014 | InsuranceNewsNet

With baby boomers holding billions of dollars in certificates of deposit, rolling funds into annuities offers the potential for huge new fee income for wealth managers. Banks and credit unions are eyeing the opportunity. Fixed annuity and indexed annuity sales by banks and credit unions have been strong, according to recent research.

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