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What is ProTracker RMD?

Are you currently: Keeping up with the evolving regulations of the SECURE Act? Manually computing RMDs using spreadsheets? Monitoring client withdrawals for RMDs to ensure compliance? Irritated with custodians who handle some RMD calculations but neglect inherited accounts? Struggling to identify clients who qualify as eligible designated beneficiaries (EDBs)? Attempting to navigate the complexities of managing accounts under the 10-Year Rule? ProTracker RMD offers: Solutions for Successor Beneficiaries that ease the transition under the new 10-Year Rule, allowing for the continued payout period for future beneficiaries. Specialized screens for Eligible Designated Beneficiaries (EDBs) that help in tracking exceptions to the 10-Year Rule, including spouses, individuals who are chronically ill or disabled, minor children, and family members who are not more than ten years younger. A distinct panel dedicated to monitoring the expiration timelines of accounts governed by the 10-Year Rule. A comprehensive Global 10-Year Rule Account Screen designed to oversee all client accounts for potential expirations, ensuring thorough management. This functionality helps advisors maintain compliance and avoid pitfalls associated with the new regulations.

What is Confirm by Kinexys Liink?

Confirm acts as a reliable solution for verifying bank accounts within J.P. Morgan’s Kinexys Liink network. This innovative tool aids financial institutions by ensuring that the beneficiary's name corresponds accurately with the provided account information before payments are processed, thereby improving the efficiency of payment setup and account verification processes. Participants in the network can swiftly input account details and receive verification responses, which enhances operational efficiency. Designed specifically for banks, various financial institutions, and payment service providers, Confirm is a critical resource for ensuring the accuracy of beneficiary information during payment processing. Its verification capabilities are seamlessly integrated with existing payment systems and external data sources, including verification agencies, and are not intended for consumer banking use. By adopting Confirm, organizations can significantly reduce payment errors due to incorrect beneficiary information, leading to more dependable transaction processing. This functionality not only improves operational efficiency but also cultivates increased trust in the financial transaction landscape, ultimately benefiting all parties involved. Furthermore, as the financial environment evolves, tools like Confirm will continue to play a pivotal role in maintaining the integrity of payment systems.

Media

Media

Integrations Supported

Charles Schwab
Fidelity
ProTracker Advantage
SunVox
TD Ameritrade

Integrations Supported

Kinexys

API Availability

API Availability

Has API

Pricing Information

$895/user/year/1,000 RMDs

Pricing Information

Pricing not provided

Supported Platforms

Windows

Supported Platforms

Not specified

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Not specified

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

ProTracker Software, Inc.

Date Founded

1997

Company Location

United States

Company Website

www.protrackerrmd.com

Company Facts

Organization Name

JPMorgan Chase

Date Founded

1799

Company Location

United States

Company Website

www.jpmorgan.com/kinexys/confirm

Categories and Features

Financial CRM

Account Alerts
Household Tracking
Lead Management
Marketing Management
Relationship Tracking
Team Assignments

Categories and Features

Bank Verification

Not specified

Popular Alternatives

Popular Alternatives

No Alternatives
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