How do you document Rollover analysis?

Referencing: "How to Handle the DOL’s New IRA Rollover Rule" by Bob Veres...

The article discusses the U.S. Department of Labor's (DOL) new rule on IRA rollovers, which treats any advisor-recommended rollover from a 401(k) not managed by the advisor to an IRA managed by them as a prohibited transaction unless it is clearly in the client's best interest.

It emphasizes the need for advisors to document that the rollover benefits the client, following fiduciary standards under ERISA.

The article provides insights from various financial advisors on how they handle these regulations through detailed documentation and client communication.

What advisortech have you considered to help with this?

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