Is it possible the media has overhyped the interest level in conversions? Bank of America recently reported that its first quarter Roth IRA conversions surged beyond expectations (see MME 5/10/10). Earlier this year, MME reported that while Roth IRA conversions had the potential to put $3 trillion in play, some fund companies were treating this opportunity merely as a way to reconnect with clients to speak with them in a meaningful way about their retirement planning and tax situation.

Now, a new survey from Advisors Trusted Advisor seems to suggest the new Roth IRA conversion law is not the great opportunity fund companies and advisers thought it would be —at least so far.

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