DOL Fiduciary Investment Advice Exemption Compliance Checklist

DOL Fiduciary Investment Advice Exemption Compliance Checklist

Managing compliance with Department of Labor (DOL) fiduciary investment advice exemption requirements doesn't have to mean juggling spreadsheets, disparate documents, and manual tracking. This DOL Fiduciary Investment Advice Exemption Compliance Checklist template streamlines the process of documenting adherence to Prohibited Transaction Exemption (PTE) 2020-02 and related fiduciary standards.

Designed for financial advisors, registered investment advisors (RIAs), broker-dealers, compliance officers, and legal teams working in wealth management, retirement planning, and financial services, this template helps you systematically verify that your investment advice practices meet DOL exemption conditions—including fee levelization requirements, comprehensive disclosure obligations, and proper recordkeeping standards.

Why Paperform for fiduciary compliance documentation?

With Paperform's conditional logic and calculation engine, you can build dynamic compliance checklists that adapt based on the type of advice being provided, the compensation structure in place, and the specific exemption conditions being relied upon. Use multi-page layouts to organize sections for impartial conduct standards, fee levelization verification, disclosure tracking, and recordkeeping confirmation—keeping everything structured and audit-ready.

Automate your compliance workflow with Stepper

Turn each compliance checklist submission into a complete audit trail using Stepper, Paperform's AI-native workflow builder. Route completed checklists to compliance review queues, automatically flag potential exemption violations, update your compliance management system, and trigger follow-up reviews based on checklist responses—all without manual handoffs. Stepper ensures your fiduciary compliance processes stay consistent, documented, and traceable across your entire advisory practice.

Secure, compliant documentation you can trust

This template is built on Paperform's SOC 2 Type II certified platform, offering the security controls, data residency options, and audit capabilities that financial services compliance demands. Collect, organize, and retain fiduciary compliance documentation with confidence, knowing your platform meets institutional-grade security standards.

Whether you're conducting quarterly exemption compliance reviews, onboarding new advisors to fiduciary standards, or preparing for DOL examinations, this template gives your compliance team a professional, systematic tool for documenting adherence to complex regulatory requirements.