New integration enables firms and financial professionals to meet Reg BI and PTE 2020-02 rollover obligations and grow their businesses

 

AUBURN, CA – JULY 18, 2023 – Nitrogen, the company that is revolutionizing how financial advisors and wealth management firms grow their firms, today announced its integration with InvestorCOM, a leading regulatory compliance software and communications solution for wealth and asset managers. This integration enables financial professionals using Nitrogen’s platform to seamlessly access InvestorCOM to make compliant rollover recommendations, access 401k plan costs, and digitally deliver and document their analysis to investors.

This integration was developed in response to increasing regulation and the demand for more effective communication and disclosure from the financial services industry. InvestorCOM’s compliance platform satisfies the principle set out by regulators, supporting the key categories of disclosure and record-keeping, advisor and process oversight, and investment product selection and monitoring leading to better financial decisions.

“At Nitrogen, we’re committed to empowering advisors and firms with innovative solutions that help them meet regulatory obligations while driving outstanding business results,” said Nitrogen Co-Founder and Chief Executive Officer, Aaron Klein. “Through this integration, we’re excited to further equip our clients with the tools they need to navigate the complexities of the industry while delivering best-interest recommendations to their clients. Our partnership will help streamline the rollover process and support firm growth.”

Thousands of financial professionals use RolloverAnalyzer, an intuitive application that enables them to efficiently meet their regulatory obligations by:

• Analyzing rollover recommendations across levels of service, client fit, and costs
• Gaining instant access to plan cost data across Form 5500 and benchmark cost data
• Electronically documenting and disclosing their best interest recommendation to the client

 

Additionally, compliance teams use the cloud-based app to implement a consistent recommendations process across their entire firm and access comprehensive supervision and oversight capabilities.

Native capture of recommendations simplifies record-keeping and documentation, while a compliance dashboard drives compliance insights, including the periodic retrospective review mandated by a Department of Labor PTE 2020-02.

“Rollovers represent a significant growth opportunity for firms, and at the same time a significant compliance and oversight challenge,” added David Reeve, chief executive officer at InvestorCOM. “We’re excited to partner with Nitrogen to provide wealth firms with easier access to RolloverAnalyzer’s intuitive and comprehensive capabilities so they can compliantly grow their business.”

To learn more about RolloverAnalyzer watch this video. To learn more about RolloverAnalyzer, watch this video. Firms that want to sign up to use RolloverAnalyzer can email grow@nitrogenwealth.com.

 

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About Nitrogen

Nitrogen has been revolutionizing how financial advisors and wealth management firms grow since the launch of Riskalyze in 2011. Today, Nitrogen is the growth platform for wealth management firms, helping advisors turn leads into meetings, meetings into valued clients, and clients into referral champions. The company invented the Risk Number®, built on top of a Nobel Prize-winning academic framework, and is the champion of the Fearless Investing Movement — tens of thousands of financial advisors committed to our mission of empowering the world to invest fearlessly. To learn more, visit NitrogenWealth.com.

 

About InvestorCOM Inc.

Since 1992, InvestorCOM has been providing regulatory compliance software and communications solutions to wealth managers, asset managers, and insurers. Our high-value, intuitive solutions eliminate compliance risk for our clients and foster better financial decisions.  For more information, visit www.InvestorCOM.com, email info@investorcom.com or call 1-800-361-9494.

 

 

MEDIA CONTACTS:

 

StreetCred PR
nitrogen@streetcredpr.com

Hannah Dixon
hannah@streetcredpr.com
317-590-0915

Jason Lahita
jason@streetcredpr.com
973-460-7837
InvestorCOM
Karen Makedon
media@investorcom.com
1-800-361-9494