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
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.
This sample document is not a substitute for retaining a compliance professional to advise and assist the purchaser regarding its investment adviser’s compliance program. Unless otherwise agreed to in writing, the purchaser understands that the purchaser has not engaged RIA Compliance Consultants, Inc. in a consulting relationship by merely purchasing or utilizing a sample form. Additionally, the purchaser understand that unless otherwise agreed to in writing, RIA Compliance Consultants, Inc. is not responsible for customizing this sample document, updating the sample document, preparing the purchaser’s written supervisory procedures or code of ethics, or notifying the purchaser of changes to the investment adviser laws and rules.
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