Phil Cannella – Phillip Cannella News: Phil Cannella, like others, has some harsh words to say about many annuities. We hear in the press all the time how one person or another has been taken advantage of by a bad financial advisor in convincing the person to buy an annuity. Phil Cannella says much the same, many annuities out on the market are truly horrific and should never be sold to a consumer.
As Phil Cannella puts it: “There’s a heap of bad press surrounding annuities. They’re too expensive, too limiting, too this, too that. After decades of research, I’ve discovered that only 5% of annuities are of any financial benefit to consumers while the remaining 95% work to the advantage of the agents selling them. It’s easy to see why some older Americans broach annuities with skepticism.”
And that’s the thing, many Advisors sell a financial product to a consumer in order to make a commission rather than look out for the clients benefit first. This is extremely wrong-headed for a financial professional as Phil Cannella explains. And this is what marks his system as very different from many other advisors, Phil Cannella takes the time to understand the client’s needs and goals and then makes recommendations to help them accordingly.