How does RIA in a Box's partnership with InvestorCOM work?

The RolloverAnalyzer™ provides advisers with an intuitive digital solution to assess, document, and disclose rollover recommendations and meet compliance requirements in a single process.

On May 25th, 2022, we announced our partnership with InvestorCOM and the upcoming release of the RolloverAnalyzer™ solution, created for independent advisory firms and registered investment advisers ("RIAs") to meet the Department of Labor's ("DOL") PTE 2020-02 rollover requirements by the upcoming compliance deadline of July 1, 2022. 

The DOL's PTE 2020-02, “Improving Investment Advice for Workers & Retirees,” exemption set new requirements for advisers that provide recommendations to retirement plan participants to roll their accounts from a plan to an individual retirement account (IRA) or annuity. Rollovers are estimated to reach $760 billion annually over the next five years. 

RIAs that use the RolloverAnalyzer™ to automate will gain access to time saving and intuitive features that help them efficiently meet their compliance and oversight requirements. The solution is specifically designed to support financial professionals when making best interest rollover recommendations by:

    • Comparing rollover environment against the current levels of service, client fit, and costs.
    • Integrating plan and industry average data, saving the adviser time in searching for data using third-party websites.
    • Electronically documenting and disclosing the best interest recommendation directly to the client.
    • Providing native record keeping and oversight functionality necessary for compliance teams.

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