WSP/CoE Section Update – IRA Rollover Recommendations

$250.00

This Sample WSP/CoE Section  – IRA Rollover Recommendations is a sample written supervisory procedure intended for an investment adviser firm which may recommend to a client the rollover of retirement plan assets to 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.

Included with Value, Bronze, Silver, Gold and Platinum Packages.

Description

This Sample WSP/CoE Section  – IRA Rollover Recommendations is a sample written supervisory procedure intended for an investment adviser firm which may recommend to a client the rollover of retirement plan assets to 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 covers an investment adviser’s fiduciary standard of conduct, certain requirements of the of the DoL’s prohibited transaction exemption, and the impartial conduct standards, conflicts of interest disclosures and investment adviser representative’s responsibilities related to the recommendation of a IRA rollover.  Additionally, this sample compliance manual section provides an example of supervisory procedures associated with such IRA rollover recommendations.

Included with Value, Bronze, Silver, Gold and Platinum Packages. Last updated in May 2021.

Related Resources:

DOL Clarifies Fiduciary Advice Exemption for IRA Rollovers – May 9, 2021

Updated Sample Form – Suitability – Retirement Plan Rollover – Client Acknowledgement – 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

Disclosures

This is a sample section for a compliance manual or written supervisory procedures/code of ethics (WSP/CoE) for use by your investment adviser.

This sample section 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of investment adviser laws, rules regulatory interpretations and enforcement actions, this sample section may become outdated and need to be updated or discontinued.

This sample section is not a substitute for retaining a compliance professional to advise and assist you as the purchaser regarding your investment adviser’s compliance program.

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 compliance manual section as a final document ready for use.  The sample compliance manual 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.

Unless otherwise agreed to in writing, you understand that RIA Compliance Consultants, Inc. is not responsible for customizing this sample section, implementing the use of this sample section, updating this sample section, otherwise preparing your investment adviser’s written supervisory procedures or code of ethics, or notifying you of changes to the investment advisor laws and rules.

This sample compliance manual may not be applicable or appropriate for every investment adviser. The purchaser should not consider a sample compliance manual section purchased from our online store as an exhaustive, comprehensive or definitive analysis or list of the items necessary to meet the purchaser’s obligations under the applicable investment adviser laws and rules.

This sample compliance manual section 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 compliance manual section may become outdated and need to be updated or discontinued.  RIA Compliance Consultants, Inc. will not be providing any subsequent updates of this sample compliance manual section 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 compliance manual section.

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 sample compliance manual section.

This sample compliance manual section 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 compliance manual section, updating the sample compliance manual section, preparing the purchaser’s compliance manual, written supervisory procedures or code of ethics, or notifying the purchaser of changes to the investment adviser laws and rules.

Purchaser is not authorized to re-sell this sample document nor license the use of this sample document to a third-party.

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