Designed as an end-to-end retirement plan solution for advisers, the enhanced version of RetireTool(k)it features a more user-friendly fund selection and monitoring process, an updated plan proposal generator, support for new Department of Labor (DOL) regulations, data from Morningstar Inc. and an updated database of more than 25,000 fund options.
“The new version of RetireTool(k)it is another example of us listening to our clients and understanding the changing financial services landscape,” said John Moody, president of Matrix Financial Solutions. “With new regulations impacting the retirement plan market, in particular, organizations are scrambling to stay current, be in compliance and win new business. RetireTool(k)it’s enhanced user interface and improved logic supports all these initiatives and enables clients to streamline the process – all in our industry-leading TrueOpen Architecture environment that provides a clear competitive advantage.”
In addition to the new enhancements, RetireTool(k)it also features customized proposals, access to quarterly and annual reports, as well as investment policy statements.
RetireTool(k)it is part of the Matrix Broker/Dealer Platform, an integrated suite of retirement planning products and services designed specifically to help broker/dealer firms and RIAs more successfully navigate the retirement plan process by improving efficiencies, and providing assistance in supporting regulatory mandates. The Broker/Dealer Platform includes plan data feed and level compensation services, as well as the RetireTool(k)it advisor desktop applications.