checks deposits
move money
corrective action
checks
100

does checks to LPL need to endorsed and is so where 

NO they do not need to be endorsed 

100

what form is used to set up RMD services 

 CM111 

SLA=1BD 

100

FA send out a 3rd party check for clients mortgage payment what would he use as a top code  

Third-Party Domestic Institution

100

what is the difference between a 1st party check and a 3rd party check 

 

  • First-party transactions involve moving money between accounts with a common owner.
  • Third-party transactions involve moving money between accounts that do not have a common owner.

 

200

form needed to deposit a contribution check into an IRA?

CM112 

200

What option do I choose in the Move Money tool to process a residual after an IRA death distribution?

When processing a RESIDUALS after an IRA death distribution,  select Complex Retirement.

200

FA is trying to set up periodic instructions but the system is prompting the FA to add tax instructions. 

FA state she does not want to add tax withholding does she have to, to complete this request?    

no she could add the withholdings and set both state and FED to 0% 

200

how would you reorder checks 

  1. In ClientWorks, go to the Accounts tab and choose your client's account number from the list of accounts.
  2. From the Account Summary screen, select Actions in the top right corner, and select Create Online Request from the drop-down list.
  3. From the Select New Request screen, navigate to the Cash Management section and choose Cash Management Check Reorder to begin the online request.
300

Where can I view copies of check deposits?

  1. Navigate to the Documents tab in ClientWorks.
  2. In the Quick Views panel on the left, select Check Copies.
  3. Select the applicable document name to download and view the check copy. This list can also be filtered by 'Sub-category' to view disbursements or deposits.
300

What is "Journal Versus Purchase"?

"Journal versus Purchase" is used for non-retirement accounts to select specific tax lots when processing a journal.  Versus Purchase is not relevant for retirement accounts.

300

i just summited a journal but why does it say for future date i just summited it at 537 today  

Journal requests received in good order via the Move Money tool by 1:00 p.m. PT/4:00 p.m. ET are processed the same business day. Certain journal requests may take longer:

300

third-party distributions forms 

 Form CM105 for retirement (IRA) and Form CM205 for non-retirement

400

what are 4 deposit options available when depositing a check  

Investor Mobile Check Deposit through Account View 2.0 

Remote Deposit: 

Local Branch Deposit: 

Physical Mail Deposit

400

what are the steps to process a missed periodic 

  1. Go to ClientWorks and select the Accounts tab.
  2. Select your client’s account number to open the Account Profile Summary.
  3. Select Actions in the top right and choose Create Online Request from the drop-down list.
  4. Scroll down to Cash Management and choose Missed Periodic Distribution.
  5. Enter information about the missed periodic distribution and select Next.
  6. Review the request and select Submit.
400

what Caused Goku to go super Saiyan for the 1st time  

may use a life line 

when we watch his closest fiends (Krillin) get killed   by Frieza 

400

how would a FA sign their client up for Check writing 

form F116 -Premier/Premier Plus

  • Use Form F142 to establish checkwriting on IRAs. Premier Plus is not available for retirement accounts.
500

What documentation may be required when making a large deposit?

When a client makes a large deposit (over $1 million dollars), additional documentation may be required evidencing the source of the wealth for that deposit, in which you will receive an email request from LPL. 

examples:

Acceptable source of funds documents:

  • Sale of a home or property - Copy of the closing statement from the escrow company.
  • Inheritance - Evidence of the inheritance such as a letter from the lawyer acting as the estate's executor or a court certified copy of the deceased probated will
  • Exercise and sale of company stock options - Documentation evidencing the option transaction.
500

walk us through stop payment on a check

(45 sec)

In ClientWorks, click Actions | Create Online Request | Stop Pay and Reissue 


important= When ClientWorks prompts users to enter the 9-digit check number in order to stop payment on a check, SPs must enter the number 1 at the end of the 8-digit number displayed on the check. 

500

what happens to my clients residuals after i complete the full journal out and close 

Residual journal sweeps are active for 6 months; however, the sweep only automatically moves residual cash. For residual shares, move the shares with another journal request in the Move Money tool.


if selected  

500

what is the full (SLA) timeline for a client to receive checks 

1 business day for form processing.

Checkbook delivery is 7-10 business days by regular mail or 2-3 business days by FedEx.

For Premier Plus Checkwriting with the debit card:

  • 1 business day for LPL form processing.
  • UMB Bank approval may take 2-3 business days.
  • Client then receives debit card within 7-10 business days by regular mail, or 2-3 business days by FedEx.
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