FeeX for Advisors helps financial advisors comply with the new Department of Labor fiduciary rule regarding 401k rollovers and IRA transfers. FeeX automatically collects and analyzes the 404a5 participant fee disclosure document as its main data source and runs a detailed analysis on an investor’s existing account, taking into consideration the investor’s specific plan and holdings. This type of detailed analysis could take a veteran advisor days to complete and is now required under the new DOL rule.
The FeeX for Advisors platform automates and streamlines compliance processes thereby saving financial advisors valuable time which allows them to focus their efforts where they are truly needed – helping customers.
The platform allows for a side-by-side comparison of fees, features, past returns and asset allocation against a model portfolio or personalized portfolio. It can be white labeled and deployed in a matter of minutes. It is currently being used by thousands of advisors as well as Fortune 100 financial services companies.