OneAmerica Securities is unique in that it functions as both a registered broker-dealer and investment advisor. This allows the firm to provide an array of advisory solutions while earning compensation in several different ways.
Among OneAmerica’s compensation arrangements are asset-based fees, fixed fees, hourly fees and commissions. OneAmerica is a fee-based firm, which means in addition to the fees for advisory services, advisors can earn commissions from the sale of investment and insurance products.
OneAmerica Background
Founded in 1969, OneAmerica has been registered with the Securities and Exchange Commission (SEC) since 1999. As a securities broker, the firm is also a member of the Financial Industry Regulatory Authority (FINRA). American United Life Insurance Company is OneAmerica’s parent company.
OneAmerica Client Types and Minimum Account Sizes
OneAmerica works primarily with non-high-net-worth individuals but also serves high-net worth individuals, corporations and other businesses. The firm is also open to working with pension and profit-sharing plans, charitable organizations, foundations and endowments.
The firm doesn’t specify a minimum account size requirement in its firm brochure.
Services Offered by OneAmerica
OneAmerica clients have access to the following advisory services:
- Financial planning
- Portfolio management
- Pension consulting
- Selection of other advisors (including private fund managers)
- Educational seminars
The firm operates through a nationwide network of investment advisor representatives (IARs), who are responsible for providing the above services.
OneAmerica Investment Philosophy
OneAmerica’s advisors rely on several investment methods, including charting analysis, fundamental analysis, technical analysis, cyclical analysis, short-term purchases and short sales. The firm also says it uses long-term purchases to buy and hold securities that it believes will be successful despite market fluctuations.
OneAmerica primarily invests in exchange-traded equity securities.
Fees Under OneAmerica
Fees for financial planning range up to $10,000, while consulting services carry a maximum hourly fee of $250. Asset management fees range between 0.40% and 2.00%.
What to Watch Out For
OneAmerica has 11 disclosures reported on its Form ADV. In 2015, the firm was fined $75,000 and censured by FINRA after a registered representative associated with the firm allegedly made "unsuitable options recommendations" that caused an "improper and/or unauthorized transfer of funds to a third party."
Another thing to consider is that OneAmerica operates as both a broker-dealer and investment advisor. Some IARs may develop incentives to favor certain products with higher services, but the firm says it mitigates conflicts of interest by acting as a fiduciary.
Opening an Account with OneAmerica
You can set up an account with OneAmerica in-person or by calling the firm over the phone. You can also visit the firm's website for more information.
All information is accurate as of the writing of this article.
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