IRAs
The client wants to be able to take non taxable IRA distributions so you recommended this type of account.
Roth IRA
To open this type of account, our new client must complete a 420 Form.
Trust account
The client wants me to send them $10,000 today by ACH. This is where I would go within LiquidOffice to process this transaction.
Client services
This is where I would go to complete the annual disclosure that I am required to do.
Compliance 11
The tool you would use at Baird when processing a partial withdrawal tranaction on a commonly held annuity.
Annuity Net.
$7,500
Transfer on Death Agreement (TOD)
I put several check requests on LiquidOffice this morning and want to see the status of those checks. This is where I could go.
User Process
I need to get my 255 form approved before I can send it to the client for signature. This is the SSO for our branch.
Jennifer Hawthorne
A client wanting an annuity and wanting to be invested in the market may purchase this type pf annuity.
Variable Annuity.
This is the age at which I have to begin taking RMDs beginning January, 2023.
73
I do not get charged an annual fee on my Baird accounts because my household exceeds this dollar amount.
$250,000
Our client has passed away and I must terminate their advisory account. This is where I would go to put in this request.
Fee based - AWA task
My advisor sold a UIT yesterday for a client, prior to it's maturity so most likely the client's account will appear on this report in the next few days.
BASS report
The advisor must complete this form when assisting an annuity beneficiary with a death claim.
Form 434
My client wants to have 20% withheld for federal taxes from their IRA distribution instead of the 10% amount they have normally had withheld. Therefore this form must be signed.
377 Form
Generational householding
I will go here to attach the Power of Attorney my client just brought in.
Account Maintenance
My advisor has prepared a letter to send out to 40 of his top clients. He asks me to print and mail it today. I tell him I have to go through this step, prior to sendig it.
Compliance review and approval
An internal fee paid when you own a variable annuity contract.
Mortality & Expense (M & E) fee.
This is a way to have IRA assets pass to grandchildren in the event my client's daughter predeceases her.
Per stirpes designation.
Our client has requested to open a new account that she wants to use primarily for holding stocks she has inherited from her Mother. We would open this type of account for her.
Brokerage account
Our client has several advisory accounts. Once every twelve months we must complete this type of review with the client.
AACR - Annual Advisory Client Review
A client who liquidates their seven year annuity after five years may expect to encounter this.
Surrender charge.