OldShooter
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
He is pitching an annuity because sales commissions are huge. If you think you want an annuity there are many discussions here about them, pro and con, and about costs which can vary quite a bit. Fido will definitely not be the best place to shop annuities.
There is a legal issue with "suitability" -- advisors' minimum responsibility is to recommend "suitable" investments to clients. (A low bar BTW.) The form describing your assets may be a CYA for the salesperson, the house, or the company. All are at risk if what they sell you is not suitable. The form is probably not sinister but don't provide it if you are uncomfortable.
IMO your best scenario is to move the IRA to Schwab. Fido and this FA are going to try to keep you, which may involve the kind of unhappiness ("shady") you seem to be experiencing. Schwab, OTOH, will be very welcoming of a new customer and people at Schwab get spiffs for bringing in new assets, so they will be doubly helpful. (If the situation were reversed I would probably recommend a move from Schwab to Fido for the same reasons.) Don't forget to ask about bonus cash for moving your assets.
Portfolios up, down, or sideways are irrelevant to working the problem you have. Don't even look at this.
There is a legal issue with "suitability" -- advisors' minimum responsibility is to recommend "suitable" investments to clients. (A low bar BTW.) The form describing your assets may be a CYA for the salesperson, the house, or the company. All are at risk if what they sell you is not suitable. The form is probably not sinister but don't provide it if you are uncomfortable.
IMO your best scenario is to move the IRA to Schwab. Fido and this FA are going to try to keep you, which may involve the kind of unhappiness ("shady") you seem to be experiencing. Schwab, OTOH, will be very welcoming of a new customer and people at Schwab get spiffs for bringing in new assets, so they will be doubly helpful. (If the situation were reversed I would probably recommend a move from Schwab to Fido for the same reasons.) Don't forget to ask about bonus cash for moving your assets.
Portfolios up, down, or sideways are irrelevant to working the problem you have. Don't even look at this.