Quote:
Originally Posted by Slava
Yeah, that's exactly what I was talking about. It's not that IPPs are terrible in the right situation or anything, but a clear conflict of interest. MSI is huge in that space, so by closing some of these other avenues where that remained as a potential strategy, they stood to reap those rewards. There are other firms (and advisors I know we're going to them specifically because of this, if we weren't already), but it's so blatant.
I can only assume it didn't gain traction because most people don't know about IPPs to begin with, and to really explain this you would want to have people have an idea of what you're talking about. I don't know. It was obviously in my profession, but that's a smaller circle for sure.
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I don't think they have gained traction yet because there is still some uncertainty on how the changes will fall, and most physicians/dentists I know are telling MSI reps hawking PPIs to f* off. Many are also now turning their sights on non-passive income streams.