PRI, TD Ameritrade Team to Offer Adviser Resources

The Pension Resource Institute is making its RetirementAdvantage program available to registered investment advisers that work with TD Ameritrade Institutional.

The RetirementAdvantage platform, available through TD Ameritrade’s Affinity Services Program, gives RIAs online access to dozens of model forms, including investment fiduciary and retirement plan consulting agreements for ERISA 3(21) and 3(38) services, ADV supplements for plan- and participant-level services, retirement-centric compliance procedures and disclosures for individual retirement accounts (IRAs) and IRA rollovers.  

Advisers will also have access to PRI’s team of ERISA attorneys and regulatory specialists who can assist in implementing service models, which can be configured to meet the unique needs of each firm and its advisers.

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Program materials are continually updated to reflect new developments in laws, regulations and best practices. Custom and on-demand home office and adviser training, along with client-facing educational resources, are delivered via PRI’s proprietary Advisor Resource Center.

The Affinity Services Program entitles qualifying RIAs to a 30% discount to PRI’s RetirementAdvantage platform.  

“As regulators turn up the heat on 401(k) plans and retirement accounts, RIAs will need to ensure that they develop and maintain compliance procedures and agreements that take into account the regulatory nuances that apply when serving retirement clients,” says Jason C. Roberts, chief executive of PRI.   “RetirementAdvantage simplifies this process so that advisers can focus on what’s most important: providing valuable expertise to plan sponsors and helping participants plan for a timely and dignified retirement,” he says.

The Pension Resource Institute is an ERISA (Employee Retirement Income Security Act ) compliance and consulting firm.

Advisers that work with the TD Ameritrade Institutional Affinity Services Program can contact their institutional sales representative at 800-934-6124 for more information. Or for more information about PRI, including how to schedule a demonstration of the RetirementAdvantage program, contact Darla Mercado, PRI’s director of adviser relations, at dmercado@pension-resources.com or (347) 698-0742.

Jackson Launches Morningstar-Powered Tax Deferral Illustrator

New tool from Jackson and Morningstar offers advisers the ability to create client-specific tax illustrations in real time. 

Jackson National Life Insurance Company is now working with Morningstar to deliver the Tax Deferral Illustrator, a new tool enabling financial professionals to visually demonstrate the impact taxes can have on clients’ retirement income over time.

Through a collaboration with Morningstar, Jackson has launched the Tax Deferral Illustrator to show the outcomes of tax deferral throughout the full investment cycle of accumulation and distribution, according to the firms.

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“Through simulated data, advisers will have the ability to educate clients about the effects tax deferral can have on their individual investment strategies,” explains Justin Fitzpatrick, vice president of Advanced Strategies at Jackson National Life Distributors LLC (JNLD), the sales and marketing arm of Jackson. “Taxes on investments can be much more complicated than just the long-term capital gains rate.”

The illustrator is powered by Morningstar’s Wealth Forecasting Engine, which allows advisers to examine and then demonstrate scenarios based on a client’s specific financial situation. Advisers can input personalized information including current age, retirement age, state-specific tax policies and investment data to create individualized representations of clients’ investments and their potential returns. They can also “demonstrate to clients the differences between taxable and tax-deferred accounts over a specified period of time,” while using returns specific to each asset class to illustrate tax drag.

The underlying technology can also recognize long-term capital gains tax treatment in a taxable portfolio through accumulation, distribution and legacy planning on a pre- and post-tax basis, the firms explain.

The new tool is available for wholesalers and advisers, and supported by Jackson’s Advanced Strategies team, an group of senior portfolio strategists and retirement and wealth strategy consultants “responsible for providing insight and direction surrounding the ever-evolving investment and tax landscape.” Advisers who wish to learn more about Jackson, can call the sales desk at 800-711-5653, or visit www.jackson.com.  

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