Retail Accounts
This type of trust can be changed at any time, provided the grantor is not mentally incapacitated.
What is a living/revocable trust?
This form is used to set up standing tax instructions on a Pershing IRA.
What is the IRA/ESA Distribution Request form?
Besides CIR Statements, you can check this website for Cambridge direct account details.
What is DST Vision?
For a CAAP account, this department is responsible for placing trades and managing the account portfolio.
What is CAAP Trading?
This program consolidates all of a client's Cambridge accounts in one single place online.
What is CIR Statements?
This form is used to move assets between retail accounts with unlike registration types.
What the Journal Request form?
This type of retirement account is established for people employed by a small business with less than 100 employees or for individuals who are self-employed.
What is Simple IRA?
This disclosure is required to be provided to clients one time with commission-based accounts.
What is the Reg BI Disclosure?
Transactions involving a mutual fund liquidation being transferred to a brokerage account must be accompanied by this form.
What is the Investment Exchange Disclosure - Investment Company Product (SWITCH)?
In CLIC, this is where you can see all eSignature envelopes that are in progress or have recently been sent.
What is Work In Progress?
This form gives a client checks and a debit card on an NFS Individual account.
What is the Cash Management Select Access Features Form?
A client passes away with a Pershing IRA. These are the three items needed to transfer the assets to their spouse's existing Pershing IRA.
What are the Pershing IRA Asset Movement Authorization form, death certificate, and the BIA?
These are known by the acronym TPMM.
When changing an NFS Joint account to an Individual account, due to divorce, these three things are required.
What are the NAF/Wrap App, divorce decree, Journal Request form/LOI?
This is the fee when sending a distribution via bank wire for NFS.
What is $15?
This is the default money market for NFS retail accounts.
What is QIDPQ?
The IRS requires that clients begin taking annual distributions from their IRA in the year the client turns this age.
What is 73?
This is the process to change the rep of record on a direct account.
What is change of broker-dealer?
For Power of Attorney, these are the three requirements for signing on behalf of the principal.
What are signing the agent's name, indicating the agent is signing for the principal, and indicating the name of the principal they are signing for?
This form is required to accompany account paperwork when the client is a permanent resident, but not a US citizen.
What is the Resident Alien Questionnaire?
This type of trust account is specifically established for child actors working in CA, NY, LA, or NM.
What is a Coogan account?
These forms are required to send multiple checks to three charities from one Pershing IRA.
What are the IRA Distribution Request form and Qualified Charitable Distribution form (QCD)?
This disclosure is required to be signed by both the client and the FP for the initial purchase of an annuity, if a RightBridge report was not provided.
What is the CIR Annuity Disclosure?
On a Pershing commission account, these three things are required to update from an UTMA to an Individual account once the minor reaches age of majority in their state.
What is a Client Information & Suitability form, proof of age (birth certificate or driver's license), and Letter of Instruction from the custodian authorizing the re-registration of the account to the of-age minor.
This form is required to change a CMAP account from managed non-discretionary to managed-discretionary.
What is the AIMS/Exhibit?