Firm Introduces Roth Conversion Package for Advisers

Advisor Trusted Advisor, a provider of practice management tools to registered investment advisers (RIAs) and wealth managers, said the package is available through the Roth 2010 Advisor Portal. The package includes: workshops for current and potential clients; PowerPoint presentations; business-building strategies and tactics; information about how financial advisers can position themselves as retirement experts; and access to the Roth IRA Conversion Optimizer.

The company said its Roth Conversion Optimizer, developed by Archimedes Systems Inc. and Convergent Retirement Plan Solutions, considers many factors, leading to a recommendation to convert anywhere from zero to 100% of traditional IRA assets to a Roth (see “Web-Based Tool Helps Advisers Perform Roth Conversion Analyses”).

Starting on January 1, taxpayers with a modified adjusted gross income of more than $100,000 will be allowed to convert a traditional IRA to a Roth IRA, the firm noted. “The advent of these new tax laws presents a unique opportunity for people in the wealth management industry to demonstrate their expertise in what will be an intricate decision,” said Michael Slemmer, principal at Advisors Trusted Advisor.