Bread
On the Client Information and Suitability Form, how many phone numbers are required for each primary investor?
One
When opening a Pershing CAAP account, which form is required: Wealthport Wrap Application or the Client Information and Suitability Form?
Wealthport Wrap Application
What prefix is used for Pershing UMA accounts?
AAP
You have a task to update beneficiaries on a Prudential annuity. The client did not provide the beneficiaries' dates of birth or addresses. How do you determine if this will be accepted before you have the client sign the paperwork?
Call Prudential
What is the name of CIR's AI chat assistant?
Indy
What is the account closing fee for a Pershing IRA?
$143.50
($100 termination + $43.50 annual IRA maintenance fee)
If an FP uses CLIC Advisor or eMoney with a client, they must have a ________________ on file, even if it's no-charge.
Financial Planning Engagement
What form is needed to update beneficiaries on a Pershing SEP IRA?
Pershing IRA Designation of Beneficiary form
Can CAAP/UMA accounts have check writing?
No
What form is required to journal $1,000 from an NFS Rollover IRA to an NFS Individual TOD account?
NFS Premiere Select IRA Distribution Form
What must be listed as 100% primary beneficiary on an NFS Minor IRA?
When using the NFS One-Time Distribution Request - Charitable Distribution form, how many distributions can you put on one form?
6
What is the fee to send an overnight check from an NFS account?
$13
Can a Power of Attorney have the same legal address as the client they are the POA for?
No - unless the client actually resides with the POA
How long is the signature valid for on an NFS Standing Payment Instructions Nonretirement form?
45 days
A client has an account at a different broker dealer and wants to move it to their FP at CIR. The account itself is not changing at all, except for the broker dealer and FP of record. What is this process called?
COBD (Change of Broker Dealer)
Can PSRZX transfer in-kind to NFS, or does it need to be liquidated?
In-kind
This type of trust account is specifically established for child actors working in CA, NY, LA, or NM.
Coogan account
What is the name of the bull in front of Building 1's main doors?
Wally
What is the purpose of a Medallion Signature Guarantee?
The medallion signature guarantee program was created to guarantee the following regarding the signature in which the stamp is applied:
What paperwork is required to reregister Pershing Individual account HDZ123456 to a Trust under the same SSN?
1. Trust/Entity Client Information and Suitability Form (NAF)
2. Trustee Certification of Investment Powers (TCIP) with all trustees' signatures
3. Letter of Instruction (LOI) signed by primary account holder because they are giving up ownership of their assets and sharing them with the trust account
1. Direct paperwork may be submitted to the sponsor company only AFTER it has been approved by a supervisor in ________ _________.
2. If the supervisor has a question about the paperwork during their review, how can OA access that program to respond on the FP's behalf?
1. Trade Review
2. SLU in under the FP code > CLIC > Trade Review
What type of college savings accounts can be rolled over to a Roth IRA in the name of the beneficiary, if the account has been opened for more than 15 years and the client's state of residence allows it?
529 account
1. What is the process called to change account CFE123456 to commission-based?
2. What paperwork is required?
3. How many 1099 tax forms will the client receive?
1. Prefix change (Wealthport advisor-directed to Commission)
2. Prefix Change Form and CIR Suitability Document of same registration type on file
3. Two - one for each account
Do Howard Capital Management accounts need to be set up as discretionary or non-discretionary in CLIC?
Non-discretionary