Principal Creates Adviser App

The Principal Financial Group has introduced the Principal Advisor Compensation Application to provide direct access to a consolidated and summarized view of compensation statements.

A news release said the application lets advisers access current and prior compensation statement summaries, view compensation paid by product line and monitor year-to-date earnings directly from a mobile device.

For those who prefer text messaging or email, advisers can sign up for compensation alerts that provide estimated gross compensation information through their mobile phones or e-mail accounts. 

“Advisers are where their clients are – they don’t operate their businesses from their desks. We’ve designed a number of new mobile applications to give advisers the information they want, when they want it and how they want it,” said Gary Scholten, senior vice president and chief information officer at The Principal, in the news release. “Advisers are more important to people’s financial security today, and we’re committed to helping advisers save time and operate their businesses more efficiently and effectively. That’s more critical in today’s 24/7 global world than ever before.”

The mobile compensation application is available to all agents and advisers who receive compensation statements from The Principal– an estimated 32,000 career and outside advisers. The text messaging service is available to career producers of The Principal.