Investment advisors create RMD review tasks after clients turn 73

Advisors miss RMD triggers when client birthdays aren't flagged, creating compliance gaps and tax exposure. This workflow prompts advisors to review RMDs so filings remain compliant.

Overview

Missing RMDs creates regulatory exposure and tax risk for wealth managers. This workflow converts birthday data into prioritized advisor tasks so RMDs are reviewed before compliance deadlines, reducing missed follow-ups and producing a clear audit trail.

Notable Features

Create advisor RMD review tasks
Assign tasks to responsible advisor
Schedule follow-up reminder before deadline