Ohio National Hits the Trail
October 11, 2018 by Kerry Pechter
Hell hath no fury like a financial advisor denied a promised trail commission on a significant book of variable annuity business.
Not long after Ohio National’s September 28 announcement that it would cease paying certain financial advisor their roughly one percent annual “trail” commission on perhaps hundreds of millions of dollars worth of sales of a no-longer-issued ONcore Lite and similar variable annuities, one of the affected advisors vented about it on the phone.
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Originally Posted at Retirement Income Journal on October 11, 2018 by Kerry Pechter.
Categories: Industry Articles