This Suitability – Retirement Plan Rollover – Client Acknowledgement is a sample investment adviser form which is intended for an investment adviser (“RIA”) to utilize with a client when recommending a rollover of proceeds from a retirement plan to an individual retirement account (“IRA”).
This IRA rollover form has been updated in light of the U.S. Department of Labor’s PTE 2020-02 and includes an investment adviser’s fiduciary acknowledgement under ERISA/IRC, pros/cons of an IRA rollover, disclosures about the differences between a retirement plan and IRA and an investment adviser’s conflict of interest when recommending an IRA rollover, a method for documenting key information about the retirement plan versus the IRA (e.g., the expenses, services, investment options), client’s acknowledgement and investment adviser representative’s explanation of why a recommendation to rollover from a retirement plan to IRA is in the client’s best interest.
Included with Bronze, Silver, Gold and Platinum Packages. Last updated February 22, 2022.
IRA Rollover Compliance Under PTE 2020-02 – February 24, 2022
IRA Rollovers Under U.S. Department of Labor’s PTE 2020-02 – October 28, 2021
DOL Clarifies Fiduciary Advice Exemption for IRA Rollovers – May 9, 2021
Updated Sample WSP/CoE Section – IRA Rollover Recommendations – May 5, 2021
Form ADV – Sample Language – Rollover Recommendation – April 16, 2021
OMB Approves Request for DoL Fiduciary Rule Delay – August 31, 2017
DoL Proposes Fiduciary Rule Delay – August 11, 2017
Department of Labor Fiduciary Rule – August FAQs – August 09, 2017
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This sample document is not intended to detect or prevent fraud, selling away, Ponzi schemes, undisclosed outside business activities, inaccurate or false fee calculations, theft, misappropriation or unlawful conversion of client funds.
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