Account Forms
Our client wants to change the amount of federal income tax he has withheld on his IRA distributions. I will send him this form to sign.
What is the 377 Form?
Our client's address has changed. This is where I will go in LO to update the account(s).
What is one task that can be updated in LO - Account Maintenance?
Whenever I have a disclosure to complete for Baird, this is the application where I would go to complete it.
Compliance 11
Our client wants to be able to take tax free withdrawals from his IRA after he retires. I will suggest he open this type of an IRA.
What is a Roth IRA?
She is our new Senior Supervising Office
Who is Jennifer Hawthorne.
If I add this to my account and then pass away, my daughter can take ownership of the account without going through the probate process.
Transfer on Death Agreement
I entered a check request this morning and I am wondering if it has been approved. I could go here to see if it has been processed yet.
What is User Tools, My Process in Liquid Office?
(One of the two answers is acceptable)
These items must be scanned and emailed to Compliance on anyu given day that we receive this in the branch.
What is incoming correspondence?
My client has withdrawn $15,000 out of his IRA for short term us. He wants to return it to his IRA, once he sells his house. I advise him that he has this many days to redeposit the funds.
60 Days
We are able to have Coffee with this person on a regular basis.
Who is Steve Booth.
Our client Mr. Brown would like to be able to move funds from his individual account to his wife's individiual account in the same household. I will have him sign so he can do it on demand.
What is a 551 Form
Our client wants to take periodic distributions from their account on the 1st of each month. This is where I would go to set up the distribution.
LO - What is Systematic and standing instructions.
Our client Joe Smith sold a UIT yesterday, prior to it's maturity. We may see an inquiry about that trade today on this report.
What is the BASS report.
Mary Jones names her daughter Jessica as her primary beneficiary. If Jessica should predecease her mother, Mary wants that portion of her IRA to flow to Jessica's children. She should make this indication on her beneficiary designation?
What is per stirpes
Before his passing in 2020, this person played a big role in creating the culture of Baird.
Who was Paul Purcell?
To open this type of account, the client must complete a 420 form.
What is needed for a trust account?
Our client has passed away. She held an advisory account which I will now need to terminate. This is where I would go to do that.
What is fee based - AWA request
Our client has several advisory accounts. Once every twelve months we must complete a review with our client and follow up with this report.
What is the AACR - Annual Advisory Client Review.
I own a company with 25 employees and would like to open a retirement account for them that I can contribute to as the employer, as well as they can contribute as the employee. My advisor suggested this type of account.
What is a SIMPLE IRA.
She could very well be considered the "Queen of IRAs".
Who is Susan Boling (or in the alternative, who is Moneau Sanders).
The advisor notifies me that the new client wants to sell covered puts and calls. I had better have him sign this agreement prompto.
What is a margin/option agreement.
I am able to make this change to an IRA account in LO - IRA Operations.
Change of beneficiary
My advisor has prepared a letter he wants to mail to 40 of his clients. He asks me to print and mail it today. I tell him he is forgetting this one step that could hold up the project and not allow me to mail it today.
What is compliance approval.
Tim Jackson neglected to take his RMD last year. If he does nothing, he could face a penalty from the IRS of this percentage of the required withdrawal amount.
What is 50% of the required distribution amount.
This is the person you would call if you wanted to reach the Executive Market Director for Knoxville, Kingsport and Chattanooga, as well as other branches in his region.
Who is Parker Griffith.