FAQs - Advisors



We've compiled the essential highlights and features of our product and platform, organized by target audience. Additionally, we have included general information on retirement savings and investing topics that we think you will find helpful.

Simply click on one of the Questions below to access easy-to-understand information regarding the ASPire MMPS product and common retirement planning questions.

How does the advisor get paid under the fee based option?
The advisor adds an annual asset based fee they designate in the proposal process. One quarter of the annual fee is deducted from participant accounts near the end of quarter. The amount is sent to the RIA or Broker Dealer designated.

How does the advisor get paid under the commission based option?
Each fund in the program has a trail payment of 50 bps. Funds will pay the trail the broker dealer and registered rep designated in the registration process. Check to be sure the broker dealer has a selling agreement with the respective fund family.

Does my RIA or Broker Dealer need a selling agreement?
Each RIA or Broker Dealer is different but in general if the compensation is commission based a selling agreement already exists between the broker dealer and the mutual fund company. IAR’s need to check with their respective RIA or Broker Dealer to see if they can work on a fee basis on qualified plans or the RIA prefers a solicitation agreement to be in place.

There seem to be more fees listed than other programs?
ASPire and Morningstar disclose all fees and sources of revenue while most products do not so there is greater detail. Additionally there are more services included than other programs.