Fixed indexed annuities 1 to 2 million per year, and third party money managers with a 1% fee. They use income funds that are being moved to wrap accounts. Most of the new business is fee based.
They have clients with some alternative investments, non-traded REIT's, and BDC's. Some mutual funds and some ETF's.
This is a merger/succession opportunity.
The bulk of the client base is in Arizona, and there are clients in 13 other states.