OneAmerica has partnered with ProNvest to announce a new service feature that will help retirement plan advisers expand their view of plan participants’ total assets.
Within a secure online portal available through ProNvest, advisers will be able to offer participants the option of privately and securely connecting their current retirement plan data with other unconnected investments. This allows advisers to gain a more comprehensive view of a participant’s overall financial picture and enables participants to receive active account management, professional investment research, counseling and advice from ProNvest, while positioning the plan adviser to provide assistance on assets outside of the current retirement plan.
OneAmerica has had a relationship with ProNvest for 17 years and is the first recordkeeper to integrate with this new portal.
“ProNvest’s new adviser portal is designed to help advisers unlock outside assets. On average, one in three participants enter outside assets which opens up approximately $400,000 in additional wealth assets for advisers,” said Jay Jumper, founder and CEO of ProNvest, in a statement. “Defined contribution plans offer a unique opportunity to identify new revenue streams for private wealth advisers, as well as retain clients who might have looked for outside solutions to manage these accounts.”
The portal is available to advisers who are active with ProNvest on specific plans. This feature is available to all participants whose plan sponsor has selected ProNvest to be a managed account provider for their plan.