PTE 2020-02

Provide best interest rollover advice

The Department of Labor's (DOL) PTE 2020-02 expands the definition of fiduciary advice when recommending rollovers, making documentation and client disclosure an explicit requirement of its proposed prohibited transaction exemption.

Key requirements of PTE 2020-02

We help Broker-Dealers and RIAs meet the PTE 2020-02 requirements.

Compare and Analyze Rollover Options | Cost Look-Up | Best Interest Recommendations | Documentation & Disclosure | Compliance Dashboard

A single workflow for making compliant rollover recommendations

In a 2022 survey, 50% of firms stated that they are using a manual process to make rollover recommendations and 57% will meet their retrospective review requirements via a manual audit. Manual processes are widely considered to be unsustainable and open the firm up to potential operational risks and compliance breaches.

RolloverAnalyzer provides a single workflow for making compliant recommendations:

  • Compare rollover options across Client Fit, Service Level and Costs
  • Integrates Plan 5500 and benchmark data
  • Auto-generates client reports and “reasons why” to support the recommendation
  • Document and disclose the recommendation to the client
  • Monitor and analyze rollover activity across the entire firm and identify risk-based scenarios for self-correcting
  • Export data for regulatory reporting
  • Validate rollover data with new account openings

Partnerships with industry leaders

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Beacon Strategies LLC Logo
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“We recognize that meeting the PTE 2020-02 requirements is most efficiently accomplished by utilizing compliance technology – there are far too many factors for an advisor to consider. InvestorCOM’s RolloverAnalyzer checks all the boxes within a single workflow and does it simply and intuitively.”

 Ryan Carlson AISG

Ryan Carlson
Principal, American Independent Securities Group (AISG)

“We researched all of the rollover solutions that are available in the marketplace and RolloverAnalyzer was head and shoulders above the rest.”

Rick Keast RedHawk Wealth Advisors

Rick Keast
President and Chief Compliance Officer at Redhawk Wealth Advisors

“What we really like about RolloverAnalyzer is its comprehensiveness. Using one app, our financial professionals can assess rollovers and digitally document and deliver the recommendation to their clients.”

Rick Slavik Kovack Financial Network

Rick Slavik
CCO and SVP of Supervision at Kovack Financial Network

SEC and DOL: Rollover Requirements

Eversheds Sutherland discusses the DOL and SEC's expectations, how to make compliant rollover recommendations, and more.

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Reg BI, Fiduciary Rule 3.0 and the Emergence of Pre-trade Compliance

This white paper explores the new pre-trade requirements and their impact on wealth management firms.

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Reg BI and PTE 2020-02 Compliance Priorities

Industry experts discuss the regulatory challenges and opportunities presented by Reg BI and PTE 2020-02.

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