MILD
VERDE
HOT
FIRE
DIABLO
100

WHAT TYPE OF ACCOUNT DOES AN RMD COME FROM

RETIREMENT ACCOUNTS


100

WHAT MONEY MOVEMENT IS TYPICALLY THE FASTEST

WIRE

100

WHAT ELSE BESIDES THE ACCOUNT NUMBER CAN BE USED TO LOOK UP A TRANSFER IN BLUEZONE

CASE NUMBER

CONTRA ACCOUNT NUMBER

ACAT CONTROL NUMBER


100

WHAT IS THE 2027 TAX DEADLINE 

APRIL 15, 2027

100
HOW MANY ACCOUNTS CAN BE OPENED WITH ONE DIGITAL WORKFLOW

20

200

WHAT IS THE PHONE NUMBER FOR ADVISOR SERVICES NETWORK

877-774-3892

200
CAN IAs PROCESS ROTH CONVERSIONS IN SAC WITHOUT IMMEDIATE CLIENT APPROVAL?
YES WITH WPFA
200

FOR A SIMPLE IRA WHAT IS THE EMPLOYER GROUP PLAN NUMBER?

SIMPLE MASTER ACCOUNT NUMBER

200
HOW MANY TIMES CAN A CLIENT PROCESS A ROTH CONVERSION IN A YEAR

NO LIMIT

200

TRUE OR FALSE - A SALESFORCE ESCALATION CASE SHOULD BE CREATED TO CREATE A NEW MASTER ACCOUNT

FALSE - INITATE ACTION

300

HOW LONG DOES SCHWAB RETAIN CLIENT STATEMENTS

10 YEARS

300

WHICH MANAGED ACCOUNT PLATFORM IS MOST COMMON FOR NETWORK ADVISORS?

MARKETPLACE
300

WHERE CAN IAs TRADE CRYPTO IN SAC?

TRICK QUESTION! NOT AVAILABLE YET.
300

A client wants to convert a Traditional IRA to a Roth IRA in January and have it count for the previous tax year. Is this allowed?

NO
300
A CLIENT PROCESSED A 60 DAY ROLLOVER INTO THEIR SCHWAB ACCOUNT. HOW LONG MUST THEY WAIT TO PROCESS AN ADDITIONAL ROLLOVER

12 MONTHS

400

ON THE MOVE MONEY TAB IN SAC, WHAT 4 TRANSACTION TYPES DO IAs HAVE THE OPTION OF SELECTING?

ACH

INTERNAL TRANSFER (JOURNAL)

CHECK

WIRE


400
TRUE OR FALSE - FREE FORM LOIs CAN BE ACCEPTED VIA DOCUSIGN

TRUE

https://onfirstup.com/charlesschwab/charlesschwab/contents/42428987

400

WHERE CAN IAs GO FOR ON-DEMAND EDUCATION AND RESOURCES TO HELP THEIR FIRM?

RIA EDCENTER

400

WHAT ARE THE 4 CATEGORIES OF THE EDGE SERVICE MODEL

ENGAGE

DISCOVER

GAIN AGREEMENT

ENHANCE


400

SCHWAB IS NOTIFIED OF A CLIENTS PASSING. LATER ON, THE IA WANTS TO SATISFY THE RMD FROM THE ACCOUNT. WHAT NEEDS TO BE DONE IN THIS SCENARIO? (HINT - 3 THINGS)

BENEFICIARY(IES) NEED TO SUBMIT INHERITED IRA APPLICATION, DEATH CERTIFICATE AND APPLICABLE DISTRUBUTION FORMS

500

WHAT DOCUMENT IS USED TO UPDATE A CLIENTS SOCIAL SECURITY NUMBER

IRS FORM W-9

500

WHAT FORM IS REQUIRED TO CHANGE ACCOUNTING METHODS AND WHO SIGNS?

COST BASIS ENROLLMENT AND PREFERENCES FORM

AUTHORIZED AGENT


500

NAME THREE COMMON REASONS A TRANSFER REQUEST MAY BE REJECTED

  • Missing signatures
  • Account registration mismatch
  • Incorrect account numbers
  • Missing documentation
  • NIGO paperwork
500

CLIENT SIGNED THE SCHWAB ONE CHECKWRITING AND VISA DEBIT CARD APPLICATION TO ADD CHECKWRITING TO THEIR IRA. WHEN WILL THEY RECIEVE CHECKS AND A DEBIT CARD?

TRICK QUESTION! CLIENT WOULD NEED TO COMPLETE THE IRA CHECKWRITING APPLICATION. ACCOUNT TYPE IS NOT ELIGIBLE FOR DEBIT CARDS.


500

AN IA CALL IN TO TELL YOU HE RECIEVED AN EMAIL FOR WIRE INSTRUCTIONS FROM A CLIENT THEY HAVE KNOWN FOR 30+ YEARS.  HE NEEDS HELP WITH SETTING UP THE WIRE FOR EAUTH. WHAT SHOULD YOU DO FIRST?

RECOMMEND THE IA VERBALLY VERIFIES THE INSTRUCTIONS WITH THE CLIENT. 

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