Convergent, based in Brainerd, Minnesota, and Archimedes Systems, based in Waltham, Massachusetts, said the joint development of the platform is “to support the anticipated upsurge in Roth activity projected to occur throughout 2009 and 2010,” according to a press release.
The Roth IRA Conversion Optimizer is set for release in the first quarter of 2009. A release of a consumer-oriented version is scheduled for the second quarter of 2009, the companies said.
The release said the tool will assist the adviser and the consumer in determining the optimal conversion, based on each investor’s unique income needs and financial legacy objectives.
“Advisers who are positioned to perform sound Roth IRA conversion analyses will have a distinct advantage in the marketplace,” said Ben Norquist, president of Convergent.
Both the adviser and consumer versions of the Roth IRA Conversion Optimizer will be available in a branded, turnkey format as well as in a customized format. In addition to those decision-support Web tools, Convergent will also offer a suite of Roth-focused business development tools, including adviser and consumer workshops, slide calculators, and educational content, the companies said.
– Ellie Behling