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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