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OneAmerica Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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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How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research