Make IRA rollover and account transfer recommendations easier to evaluate, document and defend

Decision Optimizer helps firms structure IRA Rollover and account transfer evaluations with configurable inputs, guided workflows, and documentation designed to support supervisory review and regulatory obligations.

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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.

Key capabilities

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
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Easily access data and complete retrospective reviews

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.

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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: With Decision Optimizer you can: Helping you comply with
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 Yes Yes
Consider and document investments, services and fees of current and available plan and account types Evaluate factors to determine alignment with client needs and objectives, leading to a weighted score to support your recommendation Yes Yes
Have access to reliable benchmarks in lieu of participant fee disclosure Access built-in benchmarking capabilities combining DOL's Form 5500 Lookup and Broadridge anonymized data from 300,000 plans Yes Yes
Consider additional factors like taxes and distribution options when making recommendations Customize your recommendation with the flexibility to input additional factors that can be evaluated Yes Optional
Consider reasonably available alternatives Leverage multiple decision frameworks that support evaluation of available account types Yes Yes
Configure disclosures based on recommended account type Assign different disclosures to each decision framework N/A Yes
Provide disclosures and attestation to clients Integrate with existing CRM, e-signature and other account opening protocols via webhooks capabilities N/A Yes
Support supervision and retrospective reviews Capture all analyses in Business Intelligence database with robust export capabilities Yes Yes
Monitor rule and procedure updates due to changes in legislation or regulation Keep compliant through continuously updated rollover best practices in response to regulatory changes through our partnership with Pension Resource Institute Yes Yes

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.

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See Decision Optimizer in action

Learn how Broadridge can help your firm bring more consistency, transparency, and documentation to IRA and rollover recommendation workflows.



Insights & perspectives

FAQS

Decision Optimizer helps advisors evaluate and document rollover recommendations by comparing current plan options with IRA or other alternatives. It brings together fees, services, investment options, and client preferences into a single view and produces documentation and attestations that show the recommendation is in the client’s best interest under PTE 2020‑02 and Reg BI.   

Decision Optimizer can be used to create a consistent framework across advisors and firms, ensuring all required factors are considered, disclosures are made, and documentation is standardized into reports that provide a strong audit trail demonstrating fiduciary and best‑interest compliance. 

Yes, firms can to their internal systems via our webhooks add-on. Decision Optimizer with webhooks enables you to send out key rollover data to prompt your firms other systems to take action. When webhooks are coupled with a SSO connection, efficiency can be taken to the next level.

What's next for your business?

We want to hear more about what you need to improve your business and drive transformative innovation, efficiency, and growth.
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  • United States
  • Canada
  • United Kingdom
  • Other
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  • Advisor
  • Broker-Dealer
  • Fund Manager
  • Plan Sponsor
  • Recordkeeper
  • Third-Party Administrator
  • Other

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