Client Artifacts & Documentation

Client Artifacts & Documentation

For all qualified annuity sales written on or after June 9, 2017 additional documentation is required to be kept on file. As the advisor you must keep records for the following aspects of the qualified annuity sale:

  • Client Meeting and/or Call notes
  • Product Recommendations and Comparisons
  • Illustrations or hypothetical scenarios provided
  • Financial Needs Analysis and Client’s Risk Profile
  • Disclosures
  • Transitional PTE 84-24 Disclosure, signed by the client

These client related documents and artifacts must be kept for 6 years in the client’s financial file.

Please refer to our DOL Needs Assessment & Solutions Workbook. This workbook can be printed and used as a reference for client annuity sales.