The Department of Labor's (DOL) Fiduciary Rule expands the scope of fiduciary advice when making investment recommendations, including rollovers, account type and annuity recommendations in the client's best interest.
Key requirements of Retirement Security Rule
(PTE 2020-02 and PTE 84-24)
We help Broker-Dealers and RIAs meet Retirement Security Rule requirements.
Compare and Analyze Rollover Options | Annuity Rollovers | 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
“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
Principal, American Independent Securities Group (AISG)
SEC and DOL: Rollover Requirements
Eversheds Sutherland discusses the DOL and SEC's expectations, how to make compliant rollover recommendations, and more.
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.
Reg BI and PTE 2020-02 Compliance Priorities
Industry experts discuss the regulatory challenges and opportunities presented by Reg BI and PTE 2020-02.