This Suitability – Retirement Plan Rollover – Client Acknowledgement is a sample investment adviser form which is intended as a disclosure and acknowledgement of key facts when an investment adviser (“RIA”) recommends a client rollover proceeds from a retirement plan to an individual retirement account (“IRA”).
This sample investment adviser compliance manual section for IRA rollovers has been updated in light of the U.S. Department of Labor’s FTE 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 a retirement plan, client’s acknowledgement and investment adviser representative’s explanation of why a recommendation is in the client’s best interest.
Included with Bronze, Silver, Gold and Platinum Packages. Last updated in May 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
This sample document is merely an example for general reference and educational purposes. RIA Compliance Consultants, Inc. is providing this sample document to the purchaser on an “as is” basis with no warranty or guaranty whatsoever.
This sample document should be considered a starting point, and purchaser should not treat this sample document as a final document ready for use. The sample document has not been customized to the purchaser’s business model, the specific investment advisory rules applicable to the purchaser’s investment adviser or the written supervisory procedures and code of ethics of purchaser’s investment adviser.
This sample document may not be applicable or appropriate for every investment adviser. The purchaser should not consider a sample document purchased from our online store as an exhaustive, comprehensive or definitive list of the items necessary to meet the purchaser’s obligations under the applicable investment adviser laws and rules.
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.
Due to changes of investment adviser laws and rules, this sample documented may become outdated and need to be updated or discontinued. RIA Compliance Consultants, Inc. will not be providing any subsequent updates of this sample documents to the purchaser. Likewise, RIA Compliance Consultants, Inc. will not be monitoring and reporting to the purchaser any issues related to the use of this sample document.
Since this sample document may not reflect the specific investment advisory requirements of the purchaser’s securities regulator, the purchaser should check with the securities regulator(s) with jurisdiction over its investment adviser or review any applicable rules before using this document.
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