How to Simplify RMD Account Reviews

​The SECURE Act of 2019 increased the complexity of administering retirement plans for clients. Financial advisors are responsible to track the setup, investment, and distribution of these important client resources.

​One of the ways to fulfill this responsibility is a detailed review of each client’s investment account at least once a year. The review obligation is easier if the account reviews are spread out over a full year, i.e., review some of the accounts each month. 
To that end, our ProTracker Advantage® client relationship management (CRM) system facilitates these annual reviews with a Review field in the Account Flags panel on the Account Details screen. 

A filter on the global accounts screen facilitates grouping the monthly reviews into smaller batches for easier execution. This feature is just one of many tools provided by the easy-to-use RMD calculator and tracking tool in ProTracker Advantage.
For more information about calculating RMDs and documenting them, click on protrackerRMD.com.