ST. PAUL, Minn., Oct. 2 MN-Securian-Financial
ST. PAUL, Minn., Oct. 2 /PRNewswire/ -- Securian Retirement Distributors
is responding to advisors' growing interest in providing services to
retirement plans through registered investment advisor (RIA) arrangements.
"Some advisors prefer to structure themselves as registered investment
advisors and receive advisory fees. In other situations advisors promote the
sale of suitable products and are compensated with traditional commissions,"
said Vincent Giordano, national sales vice president, Retirement Plans. "We
believe that advisors and plan sponsors choosing the RIA platform will benefit
from the flexibility of our program."
Securian's flexible approach means advisors can adapt to the varying needs
of their clients. All advisory services and fees are negotiated between the
RIA and plan sponsor and paid at the written direction of a plan fiduciary.
If the plan directs that fees be withdrawn from plan assets, they can either
be included in the contract asset charge or deducted from participant
accounts.
Securian Retirement, a unit of Securian Financial Group, has more than 70
years in the retirement market and serves more than 3,000 retirement plans
nationwide with nearly $10 billion in assets as of June 30, 2008. Annuities
and retirement plans are underwritten by Minnesota Life Insurance Co., a
Securian affiliate and one of the most highly-rated life insurers in America.
For more information about Securian's fee facilitation services, call
877-876-4015.
SOURCE Securian Financial Group
