The client claims the RR did not disclose fees and expenses associated with the purchase of a variable annuity in October 2015.

I stand by my recommendation and regret the client's claim. It can be easily disputed with a simple review of the client's extensive file that indicates the following. A total of 13 hours were spent developing a formal investment and income plan. Corresponding financial products that would provide her a much needed structured, dependable source of income for the rest of her life were recommended. The final review of the contract - that required the client's signature in a number of places on the application and disclosure pages - included a two hour meeting in the clients home. The entire contract, fees and expenses were described and signed off on. The law requires me to have the client's signature on the fees and expense disclosures that are inherent in the contract or I will not have been permitted to process the contract for investment. The client owned an existing contact for over 10 years and was aware of fees and expenses. The new contract 1035 exchanged (replaced) the existing contract and availed the client of a much needed source of income as she was quickly spending down her investment assets that had suffered a loss due to her own mismanagement and that of her prior financial professional.