Press Release

OneAmerica, OneDigital Unite on Morningstar Investment Management LLC’s Advisor Managed Accounts Service

Issued by OneAmerica

Apr. 26, 2022

More rich customization opportunities aim to provide benefit for retirement plan participants

Indianapolis -- OneAmerica®, together with OneDigital Investment Advisors, announced today a collaboration that harnesses the power and experience of recognized industry names to deliver more tailored investment services to plan participants.

The collaboration is focused on providing registered investment advisors (RIAs) like OneDigital with Morningstar Investment Management’s advisor managed accounts offering, which allows RIA firms to deliver personalized investment advice through a co-branded version of its Morningstar Retirement Manager managed accounts platform and user interface. OneAmerica acts as recordkeeper and integrates Morningstar Investment Management’s advisor managed account service into its recordkeeping system, allowing for a seamless experience for OneDigital’s clients and their participants.

“What’s so special about this offering is the relationships we’re able to build because of it,” said Sandy McCarthy, president of Retirement Services at OneAmerica. “We believe equipping advisors to serve retirement plans and individual participants with customized solutions and optionality is powerful. And to work alongside a respected provider like OneDigital is an honor. Together, we expect to produce some amazing success stories.”

Ensuring the OneDigital brand is front-and-center allows the RIA, which has more than 100 offices in the U.S., along with over 5,100 retirement plan clients representing more than one million participants, to continue their mission to deliver trusted and best-in-class guidance to clients. OneDigital is responsible for building the fund-level portfolios while Morningstar Investment Management is responsible for assigning an appropriate portfolio to the investor based on their specific information. Morningstar Investment Management also delivers contribution rate and retirement age recommendations.

“OneDigital is excited to be partnering with OneAmerica on this Morningstar Investment Management white-labeled Advisor managed accounts offering ─ they have been great to work with. We believe that our personalized solution increases engagement and drives better outcomes for the participants we serve,” said Vince Morris, president, OneDigital Retirement & Wealth.

“Collaborating with industry leaders like Morningstar Investment Management and OneDigital allows us to offer retirement plan advisors and plan participants rich customization opportunities,” said Steven Kofkoff, OneAmerica vice president, Retirement Services Strategy, Product Management and Innovation. “We’re serving an increasingly interested marketplace, and we’re looking forward to continuing to enhance our unique offering.”

OneAmerica announced the collaboration with Morningstar Investment Management last year.

Nationally, Morningstar Investment Management serves more than 121,000 plans and more than 1.7 million retirement savers use its various managed accounts services as of Dec. 31, 2021.

OneAmerica is the marketing name for the companies of OneAmerica. Neither OneDigital nor Morningstar Investment Management LLC are affiliates of OneAmerica Retirement Services LLC and are not OneAmerica companies.

*Administrative and recordkeeping services provided by OneAmerica Retirement Services LLC, a OneAmerica company, which is not a broker/dealer or investment advisor.

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About OneDigital

OneDigital delivers strategic advisory consulting and technology-forward solutions to more than 85,000 employers across the nation. As employee health care, wellness and workplace benefits continue to converge, businesses of all sizes have relied on OneDigital’s exceptional advisory teams for counsel in employee benefits, wellbeing, human resources, pharmacy consulting, property and casualty solutions, as well as the retirement and wealth management services provided through OneDigital Investment Advisors. OneDigital’s commitment to technology and innovation enables its 3,000 advisors to deliver the most modern and intuitive customer experience anywhere in the industry.

OneDigital has been named as a Best Place to Work in Insurance by Business Insurance. For more information, visit onedigital.com.

Investment advice offered through OneDigital Investment Advisors, an SEC-registered investment adviser and wholly owned subsidiary of OneDigital.

About OneAmerica®

A national provider of insurance and financial services for more than 140 years, the companies of OneAmerica help customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products. Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources who are committed to providing value to our customers. To learn more about our products, services and the companies of OneAmerica, visit oneamerica.com/about-us/companies-of-oneamerica.

Products issued and underwritten by American United Life Insurance Company® (AUL), a OneAmerica company. Administrative and recordkeeping services provided by McCready and Keene, Inc. or OneAmerica Retirement Services LLC, companies of OneAmerica which are not broker/dealers or investment advisors.

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