I am having a hard time with Onesco. I have been selling Ohio National Life products and very happy with the service. They are a top company for life insurance. However, I had a very disappointing series of events with Onesco, their broker dealer side. I have been trying to get appointed with them since the 3rd week of July. It took 2 phone calls to get their marketing guide. The recruiter apologized for this. Then I had to prove my production numbers. I am a captive agent with NY Life, I receive a W2 at the end of the year. This includes my life and securities production. NY Life does not break down a separate GDC. I provided them with my W2's and showing how much annuity premium I had in the last 3 years. I average about 600,000 in new variable annuity premiums in the last 3 years. This was okay with the recruiter after few phone calls and on August 7 he forwarded my file to licensing. Then it has been a nightmare with Onesco. Nothing happened for weeks in the licensing department unless you pushed. It took 2 phone calls and I almost had to beg them to send me fingerprinting cards. Then they asked me for a fee for FINRA registration. This check was lost in their mail room, it had to researched and located. Then I find out the amount of check is incorrect so I had to overnight an additional check. Then they had asked for production numbers again. I told the recruiter has them and apparently never forwarded them. So I had to submit them again. Then they were all at a conference for one week. This last Monday they asked for details of my mutual fund production and 1099's again. I supplied them but also told them I only have life and variable annuity production I dont sell much mutual funds. Over the 8 years at Ny Life, I probably accumulated about 500K in mutual funds and may be over 4 million in variable annuity assets. Today I found the COO has rejected me as I can not show 1099 for my GDC.
Question is how did other captive agents ever show their GDC numbers when they left to become independent? And does anyone here have any idea on how to deal with Onesco's insistence on GDC's here. I can show premiums and I can supply W2. I still have a high regard for Ohio National but obviously disappointed with Onesco.
Thanks
Question is how did other captive agents ever show their GDC numbers when they left to become independent? And does anyone here have any idea on how to deal with Onesco's insistence on GDC's here. I can show premiums and I can supply W2. I still have a high regard for Ohio National but obviously disappointed with Onesco.
Thanks