Now, two years since OneAmerica first answered Edward Jones’ request for proposal, the two companies have partnered to offer a new set of retirement solutions for their Edward Jones’ employer clients.
OneAmerica will offer 401(k) and 403(b) plan designs and recordkeeping through American United Life Insurance, which it holds. According to the vice president of business strategy at OneAmerica, Peter Welsh, the advisor firm and distributor were a strong match given that both companies aim their products toward businesses in the $1 million to $30 million range.
Moreover, Edward Jones sent out around 30 RFPs looking for a group that could provide solutions for its tax exempt clients such as municipal hospitals.
Mason Braswell is an associate editor at Financial Planning, a SourceMedia publication.
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