Answer: Although the Advisor is no longer a registered representative, existing accounts can be transferred by the client and the Advisor is able to provide the client with all of the Mutual and product company paperwork to initiate this transfer. Mutual paperwork can be found in the KB section of the Evolve Client Portal.
Answer: The program does not support net new accounts or policies. The client should be encouraged to open the account directly with the product company or choose a fee-based alternative service that can be supported through the Advisor’s RIA. However, in certain instances (reregistration, death of a client in trust or IRA scenario, etc.) an Advisor can work with the Mutual Evolve team to reregister the account.
Note - For 529s: In the event a client has existing 529s for their children and wants to add more 529s, the client will need to establish the new 529 directly with the plan sponsor.