Distributor Supports RIA Arrangements

Securian Retirement Distributors says it is working more with financial professionals who want to serve retirement plans through registered investment advisor arrangements.

Securian, a unit of Minnesota Mutual Insurance Companies Inc., St. Paul, Minn., says advisory services and fees for the arrangements can be negotiated between the RIA and plan sponsor and paid at the written direction of a plan fiduciary.

If a plan directs that fees be withdrawn from plan assets, the fees can either be included in the contract asset charge or deducted from participant accounts, Securian says.