The firm is experiencing a surge in B/Ds and RIAs requesting assistance with the new rule as the enforcement date approaches.
The service is designed for small accounts with less than $5,000.
Educating participants about the importance of remaining committed to retirement savings and of the value of consolidating accounts is a good place to start, experts say.
The partnership gives RightBRIDGE users access to detailed employer-sponsored plan data.
Retirement industry experts say automatic portability could be the solution to a pervasive problem.
And the owners of traditional IRAs rarely withdraw from their accounts, according to ICI data.
The enforcement arm of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth alleges that Scotttrade violated the Massachusetts Uniform Securities Act and related regulations by leveraging sales contests that violated the expanded DOL fiduciary rule.