Offering investors guidance on IRA and retirement plan rollovers can be complex. In addition to needing to explore and evaluate a wide range of options, advisors also face a changing landscape and growing list of documentation, oversight and disclosure rules. Broadridge takes the complexity out of the process, helping your firm and advisors comply with regulations—efficiently and effectively.
Broadridge's Decision Optimizer provides you with best-in-class resources and support to comply with PTE 2020-02, Reg. BI, and the investment adviser’s fiduciary standard when recommending different account types, including IRAs and rollovers.
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Intuitive technology offers comprehensive IRA and plan rollover guidance—in a single workflow. |
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Customizable inputs to personalize criteria used to evaluate rollovers, transfers, and changes to account type. |
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Includes the ability to use investor needs, preferences and current account features to support the advisor’s recommendation. |
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Thorough documentation and client-friendly reports provide retirement investors with supporting records of the analysis and attestations. |
Deliver more informed decisions while streamlining due diligence
Decision Optimizer helps you deliver a better client experience with:
- The ability to customize the factors involved in the decision
- Documentation of the client’s level of importance for each decision factor
- Highlighting which option is best aligned with the client’s needs
- Displaying the degree of difference between the best aligned option and the alternative
- A clear recommendation upon completion of the analysis
And all the data from Decision Optimizer analyses flows into our enterprise business intelligence tool—helping you easily access data and complete retrospective reviews through a single supervisory dashboard.
How Decision Optimizer can help you
You face a range of overlapping regulatory requirements when working with clients. Decision Optimizer’s robust features can help you navigate them all.
| You need to… | Decision Optimizer can… | Helping you stay compliant with… | |
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| Reg. BI / RIA Standards of Conduct | DOL PTE 2020-02 | ||
| Consider and document client needs and objectives | Capture each factor and generate an attestation confirming they were accurately documented | ✔ | ✔ |
| Consider and document investments, services and fees of current and available plan and account types | Help you evaluate factors to determine alignment with client needs and objectives, leading to a weighted score to support your recommendation | ✔ | ✔ |
| Have access to reliable benchmarks in lieu of participant fee disclosure | Offer you access to built-in benchmarking capabilities combining DOL’s Form 5500 Lookup and Broadridge anonymized data from 300,000 plans | ✔ | ✔ |
| Consider additional factors like taxes and distribution options when making recommendations | Help you customize your recommendation with the flexibility to input additional factors that can be evaluated | ✔ | Optional |
| Consider reasonably available alternatives | Offer multiple decision frameworks that support evaluation of available account types | ✔ | ✔ |
| Configure disclosures based on recommended account type | Let you assign different disclosures to each decision framework | N/A | ✔ |
| Provide disclosures and attestation to clients | Integrate with existing CRM, e-signature and other account opening protocols via webhooks capabilities | N/A | ✔ |
| Support supervision and retrospective reviews | Capture all analyses in Business Intelligence database with robust export capabilities | ✔ | ✔ |
| Monitor rule and procedure updates due to changes in legislation or regulation | Help keep you compliant through continuously updated rollover best practices in response to regulatory changes through our partnership with Pension Resource Institute | ✔ | ✔ |
Expert guidance is embedded to keep you compliant
IRA rollover regulations are expected to evolve over time, so Decision Optimizer comes with the independent regulatory expertise of the leading fiduciary compliance firm, Pension Resource Institute (PRI), built-in. Use PRI's best practices or customize the tool to fit your firm's unique needs, so you can stay compliant with changing IRA rollover requirements in a streamlined way.
Let’s talk about what’s next for you
Our representatives and specialists are ready with the solutions you need to advance your business.
Want to speak with a sales representative?
| Table Heading | |
|---|---|
| +1 800 353 0103 | North America |
| +442075513000 | EMEA |
| +65 6438 1144 | APAC |
Thank you.
Your sales rep submission has been received. One of our sales representatives will contact you soon.
Want to speak with a sales representative?
| Table Heading | |
|---|---|
| +1 800 353 0103 | North America |
| +442075513000 | EMEA |
| +65 6438 1144 | APAC |