Transfers
These transfers can contain a mix of Cash, ETFs, and Mutual Funds.
What is an ACAT Transfer?
Funds from a rollover will be deposited into these accounts.
What are Rollover/ and Roth IRAs?
NetX 360
What is the name of Pershing's system?
It shows us any transfer checklists that are due today or are overdue.
What is the Transfer Action Items report?
These transfers will always come over as cash.
What are Rollovers and ACH Transfers?
The three most common taxable accounts that we open.
What are Individual, Joint Tenant, and Trust brokerage accounts.
It's the "back end" of the dashboard.
What is Admin Tool?
This report is sent out daily and shows us any new funds that arrived at Pershing the previous business day.
What is the Tax Lots report?
These transfers will always require manual documents to be completed.
What are Non-ACAT Transfers?
These accounts require a beneficiary to be listed.
What are IRA and TOD accounts?
It's called DocuSign.
What is the name of the system where clients can electronically sign documents?
It shows us any accounts that have not yet finished opening.
What is the Accounts in Process report?
When a transfer is completed, we will need to manually update the status in this location.
What is the Transfer Checklist in Salesforce?
These accounts are custodied by an adult for the benefit of a minor.
What are UTMA/ UGMA accounts?
We can go here to place holds on client portfolios.
What is MyVest?
This report shows any account opening or transfer documents that were rejected or that require action before they can be processed.
What is the NetX Action items report?
These transfers can be processed in Advisor App, but will not generate documents until we review them in Admin Too.
What are Partial ACAT transfers?
These are the account types that can be opened in Advisor App.
What are Individual, Joint Tenant, Trust, Traditional IRA, Rollover IRA, Roth IRA, SEP IRA, Inherited Traditional IRA, and Inherited Roth IRA?
These must be manually updated after documents are submitted, since they do not communicate with NetX.
What are New Account Checklists and Transfer Checklists?
This report is sent out weekly and requires a response.
What is the Holds report?