InvestorCOM, IRALOGIX Create Rollover Experience
InvestorCOM and IRALOGIX announced a new partnership that will combines platforms from both firms to create one user experience.
The partnership will pair InvestorCOM’s Rollover Platform with IRALOGIX’s IRA platform, allowing for rollover recommendation through IRA account opening and ongoing management.
Both firms observed that while over $1 trillion in retirement assets are rolled over each year, with $3.1 trillion still held with former employers, most assets end up abandoned. This presents further challenges for advisory professionals.
InvestorCOM and IRALOGIX believe the new technology will help advisors track rollovers and provide necessary regulatory documentation. The solution follows the client’s complete financial portfolio, from held-away accounts to IRA opening and ongoing portfolio management.
“InvestorCOM was built on a proudly simple idea: compliance is a strategic growth enabler,” said David Reeve, CEO and founder, InvestorCOM. “When you give financial professionals intuitive technology that satisfies their regulatory obligations and opens the door to deeper client relationships, everyone wins. Partnering with IRALOGIX extends that principle across the full retirement lifecycle. An advisor can now guide a client from a compliant rollover through to a fully managed IRA that doesn’t just meet a regulatory standard, it creates the conditions for real growth.”
“The process of moving accounts and assets from a 401(k) recordkeeper to an IRA has been a paper-based, manual process for too long, with recommendation engines on one side, and IRA administration on the other, and the investor caught in between,” said Peter J. de Silva, CEO at IRALOGIX. “Together with InvestorCOM, we’re closing that gap, creating a fully digital, seamless way for accounts and assets to move. Financial professionals can now deliver on the promise of truly holistic advice and demonstrate to regulators that every dollar of a client’s retirement savings is being actively cared for.”