Applying the Duty of Care Process to Rollovers Checklist

CFP Board designed this checklist to help CFP® professionals provide Financial Advice about rollovers in a manner that complies with the Duty of Care. This checklist, which originally appeared in the Guide to Applying the Fiduciary Duty to Rollovers, provides examples of what should be considered at each step of the Duty of Care process when providing recommendations for clients who are considering a rollover from a 401(k) to an IRA or a new employer-sponsored retirement plan.

The Duty of Care does not require a CFP® professional to always consider every item in this checklist. Conversely, the considerations identified here are not exhaustive and, depending on the circumstances, a CFP® professional may need to obtain additional information or evaluate other factors as well.

Download the Applying the Duty of Care Process to Rollovers Checklist