In a bid to better educate the public on the rollover process (and capture a bit of business), DWS Investments announced Tuesday it has launched DWS Rollover Central, an online resource to help guide retirement plan participants through the process.
DWS Rollover Central is accessible directly through DWS's website and through third-party record keepers. According to the company, the site offers investment tools and educational features to help investors better understand the benefits of traditional and Roth IRAs.
It also simplifies the process of opening an IRA and selecting a financial advisor. Investors can use DWS Rollover Central to view a side-by-side comparison of available IRA providers and compare fees, funds, investment research tools and information about the application process.
DWS Investments partnered with Wealth Management Systems Inc. , a provider of Web and technology-based rollover services for the financial services industry. The DWS paperless process was designed to be completed online in as little as 15 minutes.
"The new IRA services offered through DWS Rollover Central provide our participants and investors with more choice, convenience and control," says Ron Cohen, head of DWS Retirement Services, in a prepared statement. "Employees who have separated from their employer's retirement plan can effortlessly complete their IRA rollovers without time-consuming and complex paperwork, while researching their investment options. Our goal was to enhance the online experience for DWS participants by making the rollover event a more intuitive and convenient process."