The compliance deadline for PTE 2020-02 is around the corner.
InvestorCOM invited wealth compliance leaders to a roundtable event to discuss challenges and strategies for meeting the PTE 2020-02 requirements and predictions surrounding future requirements.
This document captures the key insights from the discussion.
Many firms have complex histories of mergers and acquisitions, with data sitting in silos.
Implementing a manual program to tick the project off the "to do" list would be a mistake.
The DOL requires documentation to evidence why a rollover is in the client's best interest.
Wealth leaders are polled on the approaches they are taking and their progress for meeting compliance requirements.