Contact Columbia funds. They maintain lists of large firms that allow it. They also have a lot of marketing material with ideas on how to cold-prospect that market.
Op, have you looked into EdJ compliance regarding in service 401k rollovers? I don’t deal with them but I remember about a year ago at LPL there was talk of making it pretty hard on an advisor to do that with the up coming (maybe some time) DOL rule.
Could be nothing, but just thought you might want to shoot a quick email to compliance to see if the have any new forms or disclosures. Hate to have you do a bunch of hard work just to have them stop you.
Do it all the time. It’s even better when the client is 59.5 and anticipates working until 65+, yet their retirement analysis shows likelihood of RMD’s creating excess income. Having the ability to tap into the account for some reason is appealing, even if there is no intention. Often times, the company documents will indicate that they can roll it back in if they want, so the client doesn’t have to feel like they are making a irrevocable decision
Contact Columbia funds. They maintain lists of large firms that allow it. They also have a lot of marketing material with ideas on how to cold-prospect that market.
I do it all the time, and I’m at Jones. The only rule is you have to document that it is in the best interest of the client to roll over.
Op, have you looked into EdJ compliance regarding in service 401k rollovers? I don’t deal with them but I remember about a year ago at LPL there was talk of making it pretty hard on an advisor to do that with the up coming (maybe some time) DOL rule.
Could be nothing, but just thought you might want to shoot a quick email to compliance to see if the have any new forms or disclosures. Hate to have you do a bunch of hard work just to have them stop you.
Thanks FA1!
Do it all the time. It’s even better when the client is 59.5 and anticipates working until 65+, yet their retirement analysis shows likelihood of RMD’s creating excess income. Having the ability to tap into the account for some reason is appealing, even if there is no intention. Often times, the company documents will indicate that they can roll it back in if they want, so the client doesn’t have to feel like they are making a irrevocable decision