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 way.
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
OneAmerica has operated as a registered broker-dealer and registered investment advisor (RIA) since 1969. The firm holds membership in the Financial Industry Regulatory Authority (FINRA) and registration with the United States Securities and Exchange Commission (SEC).
American United Life Insurance Company is OneAmerica’s parent company.
OneAmerica Client Types and Minimum Account Sizes
OneAmerica manages non-high-net-worth individuals, high-net worth individuals, pension and profit-sharing plans, charitable organizations, foundations and endowments.
The firm doesn’t specify a minimum account size requirement on 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
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 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 advisors 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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