Study: Advisers Helped with 67% of IRA Rollovers

Two-thirds (67%) of individuals who rolled a balance over to a personal IRA did so using a professional adviser, says a new report from Spectrem Group.

“In conjunction with the end of the bear market earlier in the decade, participants – especially those with balances of $100,000 or more – have clearly become more willing to roll assets over. This presents new opportunities for providers and advisers,” said George H. Walper, Jr., President of Spectrem Group, in a press release about the report, “The IRA Rollover Market 2007.”

According to the report, the IRA rollover market grew by 38% from 2004 to 2007, rebounding from an 11% decline in assets rolled over from 2000 to 2004.

Assets rolled over from other retirement accounts, primarily savings plans such as 401(k)s and 403(b)s, to IRAs in 2007 stood at $489.3 billion, up from $353.4 billion in 2004, the Spectrem research found.

The number of individuals conducting IRA rollovers has also increased, up 28% to 7.4 million in 2007 from 5.8 million in 2004, the press release said. From 2000 to 2004, the number of individuals conducting rollovers fell 9%, from 6.4 million to 5.8 million.

The report can be purchased by contacting Spectrem Group at (312) 382-8284, or by visiting