About Rollover Comparison Pro
Rollover Comparison Pro™ is meticulously designed to make rollover advice compliance simple and more manageable.
Rollover Comparison Pro's processes and procedures are proactive rather than reactive, helping firms stay ahead of potential issues by giving them real-time visibility into the rollover recommendation process and reducing the need to self-correct or the risk of violations and the costs that come with them.
"Relentless in the Pursuit of Better"
Why It Matters
The latest fiduciary rule defines a rollover recommendation as investment advice. This advice is now a prohibited transaction unless it is provided under the DOL's PTE (Prohibited Transaction Exemption). PTE 2020-02 addresses the DOL's position with respect to rollovers.
Whether conducting an annual retrospective review or responding to a request from the DOL or SEC, Rollover Comparison Pro™ streamlines these processes — regardless of complexity or firm size. This efficiency leads to significant time and cost savings.
Ultimately, Rollover Comparison Pro™ offers a comprehensive solution that reduces human error, simplifies regulatory compliance, and enables firms to manage their obligations with confidence and precision.
Solutions
Rollover Comparison Pro isn't just another compliance tool — it's a game-changer. Whether you're an RIA or BD you can be assured with confidence you'll be audit-ready. It's a transformative solution for firms looking to streamline operations, reduce risk, and guarantee the timely delivery of all required disclosures at the point of making an investment recommendation.
Seven Pillars of Compliance Excellence
Automates recommendation workflows and compliance steps — every action tracked, timestamped, and audit-ready in real time. No guesswork. No gaps.
Flags compliance issues before they escalate — turning regulatory obligation into a permanent competitive strength for your firm.
Automatically generates and securely stores every required record — making DOL & SEC audits, reviews, and inspections seamless.
Reduces costly violations by automating critical compliance decisions and flagging exposure early before regulatory pitfalls arise.
Compiles annual retrospective reviews and DOL inquiry responses with one click — accurate reporting regardless of volume or complexity.
Empowers advisors to generate fully documented, well-reasoned rollover disclosures that meet every regulatory expectation — personalized to the investors' needs.
Advisors can delegate rollover report creation to support team members through built-in compliance workflows — eliminating supervision risk for the firm while freeing advisors to focus on business development, not paperwork.
PTE 2020-02 Fundamentals
These are the core regulatory requirements every financial institution and investment professional must know. Rollover Comparison Pro is specifically built to address each of these obligations.
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the DOL's Q&A
PTE 2020-02 conditions prohibited transaction relief on financial institutions (CCs and dams) requiring investment advisors, broker-dealers, banks, and insurance companies) and their investment professionals providing advice in accordance with the Impartial Conduct Standards. Financial institutions must acknowledge in writing their investment professionals' fiduciary status, describe the services to be provided and material conflicts of interest, and document the reasons that a rollover recommendation is in the best interest of the retirement investor.
Financial institutions must adopt policies and procedures prudently designed to ensure compliance with the required Impartial Conduct Standards, mitigate conflicts of interest, and conduct an annual retrospective review of compliance.
Financial institutions and investment professionals must consider and document their prudent analysis of why a rollover recommendation is in a retirement investor's best interest. Relevant factors include:
Investment professionals and financial institutions should make diligent and prudent efforts to obtain information about the existing employee benefit plan. The financial institution and investment professional must document and sign the assumptions used in their firm's limitations.
Financial institutions must conduct an annual retrospective review designed to detect and prevent violations of, and achieve compliance with, the Impartial Conduct Standards and their policies and procedures. The methodology and results must be memorialized in a written report presented to a senior executive officer, who must make certain certifications. The financial institution must retain the report, certification, and supporting data for six years and provide these documents to the Department within 10 business days of a request.
Yes. Financial institutions can correct violations within 90 days after the financial institution learns, or reasonably should have learned, of the violation. If the violation did not result in investment losses — or if the financial institution makes the retirement investor whole — it must notify the Department within 30 days of correction. The person responsible for conducting the retrospective review must also be notified, and the violation and correction must be specifically set forth in the written report.
Per-advisor pricing includes unlimited compliance officer access for everyone involved in oversight — configurable by geography, by compliance officer, or any combination of both.
Regulations require firms to have a documented process to manage, oversee, and correct every rollover recommendation. Rollover Comparison Pro is built to do exactly that — but to fully account for each advisor’s activity, every advisor making rollover recommendations needs their own subscription so their records are individually captured, auditable, and available for review at any time.
Please call or contact us for a custom quote tailored to your firm's size and needs.
101+ Advisors? Call us for pricing: 303-792-7003
Enterprise (500+ advisors): Contact us about our Institutional Ownership Option.
Rollover Comparison Pro gives your firm the tools, documentation, and confidence to meet every DOL and SEC expectation — before, during, and after a rollover recommendation.
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