Created at plan level, revenue accounts do not require deductions from participants accounts.
As the retirement and financial industry shifts to comply with the ever-evolving world of fiduciary regulation, OneAmerica® announced the debut of revenue accounts to help ease the burden on both customers and financial advisors.
There is no plan minimum, and any plan size or type can use a revenue account.
In the company’s latest effort to increase transparency around compensation and conflicts of interest, OneAmerica revenue accounts offer a shift from commission-based payments to fee-based payments for financial advisors. Created at the plan level, revenue accounts can be used to pay an advisor’s fee – without requiring deductions from participants’ accounts.
Click Here to Read the Full Article | Originally Published – INDIANAPOLIS, June 14, 2017 / PRNewswire