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.
An End-to-End Workflow | Compare and Analyze Rollover Options | Cost Look-Up | Best Interest Recommendations | Documentation & Disclosure
Make compliant rollover recommendations
RolloverAnalyzer helps make compliant recommendations in a single workflow by:
- Comparing rollover options across Client Fit, Service Level and Costs
- Integrating Plan 5500 and benchmark data
- Auto-generating client reports or “reasons why” to support the recommendation
- Documenting and disclosing the recommendation to the client
Partnerships with industry leaders
“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.”
Principal, American Independent Securities Group (AISG)