What is the name of the 4 digit number necessary to complete an ACAT Transfer?
Clearing Number/DTC Number
100
What do you need to submit to send a third party check?
An LOA signed by all account holders.
100
Where does correspondence and advertising get submitted?
Paperkiller
100
What is needed for an address change ?
Signed LOA stating the new address
100
Who is Cantella’s current president?
Jennie Devlin
200
What additional paperwork is needed to transfer between accounts of different registrations?
An LOI acknowledging the difference in acct registrations signed by all acct holders
200
What is the earliest age a customer can take "Normal" distributions from an IRA?
59.5 years old
200
Where do activity/compliance/ETF letters get sent?
compliance@cantella.com
200
What is needed when an account holder of a joint account dies?
Death certificate, new individual account application, LOA to move the assets to the new individual account
200
What is the name of Jay’s little sister that works at the home office?
Maida
300
A DRS Transfer comes from what type of firm?
Transfer Agent
300
When setting up an ACH Standing Instruction for an individual account to a customers joint checking account with their spouse, what do you need to submit to Cantella/Pershing?
Both account holders that are listed on the check.
300
How often must a rep print, initial and date trade blotters, both for brokerage and direct business?
Every day a trade was executed
300
What is needed when adding a POA to an account ?
POAs information on a new account form, power of attorney legal document, clearing firms POA form (including Pershing's Durable Power of Attorney Affadavit, if POA document is not dated within three years).
300
How old is Jay Lanstein?
29
400
How often does a residual sweep occur on an ACAT and for how long?
Every 5 business days for 6 months after the transfer
400
Who needs to sign an LOA when journaling assets between accounts with the same registration?
Trick question: You don't need an LOA.
400
What does an answering machine message have to say?
Cannot accept trade instructions by voice mail
400
Court appointments must be dated within the last _____ days.
60
400
How many home office employees are there?
29
500
What creates a Margin Violation in a transfer?
A transferring debit/negative cash balance
500
What do you need when sending an International Wire?
An LOA stating the US bank ABA#, the name and location of the receiving international bank, an IBAN number, a SWIFT code, the name and account number at the receiving bank.
500
What form must a rep complete for commonly overlooked activities like rental income, insurance sales, and board members before conducting the activity?
Request to conduct outside business
500
When do we need original death certificates for new accounts ?
Never
500
What famous company was founded by the Cantella family in 1912?