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- #11
- 527
Before the DOL ruling, we had this issue called the "Source of Funds" issue. The "Source of Funds" issue was whether or not an insurance-only agent can recommend someone to liquidate their portfolio and place the proceeds into a fixed indexed annuity.
Now, if you're reading carefully, you'll notice that you CAN'T do that. However, you can present an alternative for the account. You don't give an analysis of the holdings, talking about "how much risk you have", etc when you are not licensed or registered to give such advice.
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Thanks DHK....you're very helpful!