Riskalyze Introduces New Best Interest Proposal Assessment
Riskalyze, a financial technology company headquartered in Auburn, Calif., has introduced a Best Interest Proposal Assessment that equips compliance teams and advisors with the documentation required to demonstrate that a rollover of moneys from a retirement account—such as a 401(k) or 403(b)—is in the client’s best interest.
The U.S. Department of Labor and the Securities and Exchange Commission are issuing more compliance standards and requirements, and Riskalyze’s assessment is designed to help advisors propose portfolios that best match their clients’ needs; document the source of funds; and, if necessary, complete a rollover assessment.
The assessment can be enabled on Riskalyze Enterprise Select or Riskalyze Enterprise Elite customer accounts. It also allows advisors to archive proposals and rollover assessments, as well as deliver its results in PDF or printed report format.
The Riskalyze assessment is now available to eligible Enterprise customers. For further information, visit the Riskalyze Knowledge Base or email [email protected].
Raymond James, Norwich University Partner To Train Advisor Vets
Raymond James, a financial services company headquartered in St. Petersburg, Fla., has partnered with Norwich University in Northfield, Vt., to launch a new academic offering to train financial advisors with military service experience.
As the oldest U.S. private military college and the birthplace of ROTC, Norwich University is dedicated to providing higher education opportunities for military members and veterans—a key goal of the Raymond James Advisor Mastery Program as well.
Through their partnership, made possible by an existing relationship between the Raymond James talent acquisition team and the Veteran Initiative, a non-profit 501(c)(3) military employment organization, advisors with the Advisor Mastery Program who complete the program and obtain their licenses to practice will qualify for the equivalent of Norwich University’s graduate course in investment portfolio management (the equivalent of six graduate level credits).
For further information, visit: online.norwich.edu/RaymondJames