Procedures
This is the first step in processing an In-Kind Transfer.
What is submit the transfer to the current custodian?
It takes this long to process assets transferred in-kind.
What is within 3 business days, when all documents are received in good order?
This document generated by the previous custodian is needed by our office in order to submit a transfer in-kind request.
What is an account statement?
The client will receive a check with this type of rollover.
What is indirect rollover?
Also acceptable: What is a 60-day rollover?
What is Hubspot?
Once an Assignment is received for assets, we must reach out to the client for these documents.
What is asset or investment documents?
These types of assets are most commonly transferred in-kind.
What are IRA/LLC, Real Estate, Notes, PPMs, Precious Metals?
These investment documents are needed in order to process a transfer-in-kind of an IRA/LLC.
What is Operating Agreement, Article of Organization & EIN?
This funding transaction is not reported to the IRS.
What is Trustee to Trustee Transfer?
Acceptable: What is a Transfer?
What is to assign a new asset a randomized number?
This is where one goes to assign an asset ID Number.
What is Sharepoint>Documents>Cheetah Codes>Asset Numbers?
Acceptable answer: What is the asset number spreadsheet?
These individuals process in-kind transfers.
Who are Jackie & Tiana?
What document is prepared by the previous custodian which transfers an asset to the new custodian?
What are Re-registration or assignment documents?
This transaction moves funds from one account type to a different account type. i.e. A 401k to an IRA.
What is a Direct Rollover?
Where are all asset documentation saved?
What is Cheetah - asset level?
This is where one goes to create a new asset.
What is Cheetah - Data Entry>Assets>New Asset?
List 3 items that should be documented on a Transfer-in-Kind Hubspot Ticket.
What are
account number/name
financial account
account type
asset name
date of the assignment is received
whether the statement is received; and
investment amount.
This document is needed to transfer-in-kind LLCs prepared by KKOS Lawyers.
What is the Resolution?
A Roth IRA client has only a Roth Solo 401k account with us. Which forms will the client need to move the Roth IRA funds to us?
What are Roth IRA application and Transfer cash only form.
Where can you find re-registration documents?
What is Cheetah - Asset level?
The cost of an in-kind asset transfer.
What is $50 per asset?
This is the Cheetah transaction category code for Transfers-in-Kind.
What is 6750?
These documents are needed to process an in-kind transfer of secured notes.
What are Executed note and filed Deed of Trust (Mortgage)?
A client has a pre-tax 401k account and wants to invest into Crypto with roth dollars. What will the client need to do?
What is Open Roth Conversion Crypto IRA, Complete Employer Plan Rollover Deposit Form and provide statement and initiate Direct Rollover of 401k with plan administrator.
If a client is requesting a statement for their IRA account and does not want you to email it, where can we direct them to view it?
What is Online Portal>files?
Acceptable: What is accunet?