Residuals after account-to-account transfers
Does the system automatically process residuals for transfers entered via the transfer process tool?
What is Yes, when the "Full & close account" option is used in TaSC or Banking & Asset Movement Center.
What differentiates a partial transfer from a total transfer?
What is
With a total transfer, the client is moving 100% of the assets and (typically) closing the delivering
account. With a partial transfer, the client is only transferring a portion of the assets into Edward
Jones
branch associate is transferring mutual funds from Edward Jones to American Funds. What are
some probing questions you might ask of the branch to clarify what they want to do?
What is What's the account number at Edward Jones? What's the registration
at Edward Jones? What's the registration at the fund company? Who will be the broker/dealer at
the fund company?
Which fee-based platform automatically rebalances when it drifts too far from the client's model targets?
What is Advisory Solutions Fund Model account and or Advisory Solutions Unified Managed Account (UMA)
Larry wants to transfer 1,000 shares of AMZN stock from his single account into a custodial account for
his younger cousin to help him with college expenses
What is Partial Transfer, Non retirement, Gifting
What differentiates a partial transfer from a total transfer?
What is For Transfers (Full Transfer and Close) showing "Approved, Account Closing in process": the system
processes the residual within 3 business days. No further action is required. If it has been 10
business days since the original transfer was completed, the client support team member may
complete the Residual Movement Request Form Message.
The fee for transferring a regular account from a mutual fund company is typically ___________
than the fee for transferring a regular account from a brokerage firm
What is Lower
A branch associate is transferring their client's Traditional IRA at Edward Jones to their Traditional
IRA at another firm. What are some probing questions you might ask of the branch to clarify what
they want to do?
What is
Probing questions include: What's the account number at Edward Jones? What is the registration
at Edward Jones? What's the name of the receiving firm? What assets are being transferred? Has
the other firm submitted their transfer paperwork yet?
What investment choices does a client have within an Advisory Solutions Fund model?
What is A select mix of mutual funds and/or exchange-traded funds (ETFs).
Annette wants to transfer 500 shares, worth just under $14,000 of MAT into her friend's account, so
that she can invest in a specialty shop.
What is Partial, non retirement and gifting
What is the process for partial and full transfers to a retirement account under $50,000?
What is
Residuals do not move automatically; you need to enter a new transfer. However, if a balance is
'stuck' in the account, the client support team member may complete the Residual Movement
Request Form Message.
Chuck Hanaway is transferring his entire Wells Fargo account into Edward Jones, using his full name
Charles Morris Hanaway. What document does he need to complete as part of the transaction?
What is One and the Same Letter
A client has asked that their account be transferred to another brokerage firm 2 weeks ago. The
paperwork has been submitted by the receiving firm. The BOA at the branch office now wants to
look up the status of the transfer. What command can the BOA use to view the status of the transfer
out?
What is VTO,<account number> or TaSC Dashboard
True or false: Guided Solutions accounts are client driven
What is True
Jenny married Harry and wants to transfer all the funds in her single account into a joint account with
Harry.
What is full, non retirement
t has been over 10 business days since the original transfer was completed?
What is Submit the Residual Movement Request Form Message.
Several of a client's mutual funds are not firm-name eligible and the client has agreed to liquidate
these funds. The assets are coming from a joint account held by Capital One Investing. Where do
you need to look to determine if there any special instructions for processing this liquidation?
What is
Check the Statement Guide for the delivering firm and the Liquidation Details & Additional
information for the delivering firm type—in SharePoint, search How to Liquidate Assets Held at
Another Firm – Transfers (WEB042129)
A client is transferring their single account at Edward Jones to a single account at a trust company.
The receiving firm is initiating the transfer. To what address should the receiving firm send the
paperwork, if they are not a member of the ACAT transfer system? Hint: In SharePoint, search How
to Transfer Out of Edward Jones (WEB042517) to determine the appropriate information
What is Edward Jones Attention: Customer Account Transfer, 12555 Manchester Rd., Des Peres, MO 63131
Sheila and Paul Rowney want to open a joint account and make the final decisions on all trades. They only have $2,500 to invest currently. They want the ability to have stocks, bonds, certificate of deposits (CDs), mutual funds, exchange-traded funds (ETFs), unit investment trusts (UITs), and annuities in their account. They also prefer to pay a commission when they place trades. What program would be appropriate for them?
What is Select brokerage account
Fred wants to donate 3,000 HAS shares from his Edward Jones single account to the Association for
Mathematicians. This is his way of investing in future engineers
What is Partial, Charitable Donation
When the transfer has been approved, how long does it take until the assets show in the new
account?
What is They appear the same day.
. Callie's client is transferring assets from a custodial account at a mutual fund company to a single
account at Edward Jones. Because of the unlike registrations, Callie needs your help determining
whether a Letter of Authorization (LOA) for unlike registrations is required. What guidance do you
provide?
What is
Per Notes, Exceptions and Guidelines—in SharePoint, search Supporting Documents Required to
Process Transfers into Firm Name (WEB042092)— BAM inquires if a transfer in has unlike
registrations and includes an LOA section on the Transfer In Form that prints when indicated. A
separate LOA is not required. See also WEB054085
Due to a divorce, a client is transferring part of their joint account at Edward Jones to a single
account at Putnam Mutual Funds for their now ex-spouse. The Edward Jones Branch is initiating the
transfer. What form should the client sign? Hint: In SharePoint, search Transferring Assets Due to
Divorce Guided Navigation (WEB5142997) to determine the appropriate information
What is Branch initiates the transfer via the Transfer to an Outside Firm (Non-IRA only) (pdf). This
document must be signed by both Joint owners of the Edward Jones account and does not require
a copy of the divorce decree to be included.
Kelly and Mack Johnson have $35,000 to invest right now. They prefer to pay an ongoing fee for trades in the account and want to be involved in the investment decisions. They want the ability to hold stocks, mutual funds, and ETFs, along with individual bonds and CDs in their account. What program would be appropriate for them?
What is a Guided Solutions Flex account
Peter wants to transfer funds from his single account to make a payment on his margin loan.
What is Partial, non retirement and Margin loans