Operations
A requirement for a trading authorization.
What is a notarized account holder signature on the trading authorization form?
The dollar amount threshold for an IRA fee waiver.
What is $100,000+ IRA balance or $250,000+ in non-IRA and/or banking assets for a household, including held-aways?
The system you use to find and send client event invitations, client approved whitepapers, approved presentations, USBI SIPC sign and the Automated Relationship Review (to name a few).
What is Seismic?
The automatically enrolled clients and prospects in the newly created newsletter campaign "Newsletter and Market Alerts" in Salesforce.
What are the campaign members from the former AMG Monthly campaign?
* Please review the list of campaign members from your Financial Quarterly Educational campaign and your AMG Situation Analysis campaign to determine which clients or prospects need to be added to the Newsletter and Market Alerts campaign. Members of these 2 campaigns did not carry over.
The number of recipients that triggers the Retail Communications request in Workflow.
What is 26?
* Correspondence includes any written (including electronic) communication that is distributed or made available to 25 or fewer retail investors within any 30 calendar-day period
The ticket charge assessed to a client when purchasing a brokered CD.
What is $5?
Accounts that can't be moved to MM01 or M964.
What are Investment Advisory/Managed accounts; ERISA Plans (401k, Profit Sharing, SIMPLE IRA, etc.); Insurance accounts; closed accounts?
The Salesforce referral status necessary for a WM Banker to receive sales credit.
What is the Opportunity status?
The number of states in which US Bank has a branch presence.
What is 26 states?
* There are 2,000 US Bank branches in the US
The best USBI online resource to locate Compliance updates, as well as USBI policies and procedures.
What are the Compliance Manuals?
Market Center>Departments>Compliance
The number of outreach attempts required and documented in Salesforce before day 90 in order to receive an Investment Advisory annual review exception.
What is 4? If there's extenuating circumstances to delay the review, your SPs will extend the review by 30 days with proper documentation. If the client is unresponsive after 4 attempts, the account will generally convert to a brokerage account.
The date your performance evaluation is due.
What is November 15th?
The spot you enter client interests in Salesforce.
What is the client profile tab under key information?
The amount USBI is investing in the platform conversion.
What is $150mm?
The online banking enrollment % and esign % goal for 2024.
What is 75% and 40%?
The documents not allowed in a client file.
What is a Trust document less the first, last and trustee pages?
Daily Double:
The last day USBI Operations recommends entering all qualified disbursements into Wealthstation for 2024.
What is 2:00pm CT on December 29, 2024.
*Operations also recommends reviewing qualified accounts currently set to automatically apply prior-year withholding on current-year disbursements; when these disbursements occur in 2025, the prior-year withholding amount will incur a reversal and a credit for the withheld amount will be posted to the account. For this reason, it is recommended that if a client is requesting a one-time distribution for 2025, please wait to enter and submit the request until January 2nd or later.
Client account documents that do not need to be stored in a physical file.
What are client account documents electronically signed via Workflow and are stored electronically within the document imaging system?
The amount employees under 50 can contribute to their 401(k), 403(b) and most 457 plans.
What is $23,000?
* if you're over 50 years old, you can contribute an additional $7,500 as a "catch-up" contribution.
Effective July 1st, a $60 award is available for EACH “qualified” referral to USBI.
What is the new licensed banker referral program?
The paperwork required to open a 401k direct with fund shell account in Wealthstation.
What is an employer sponsored service agreement and shell account request form, ERISA 408(b)/(2) disclosure, first and last page of the plan document (first page must show the plan name and last page must show trustee signatures), the Summary Plan Description or Plan Adoption Agreement and the process capture paper checklist? (Found in Market Center>Forms>Retirement Plans)
Accounts excluded in the Zero Balance Account Clean-up Effort.
What are Life Insurance Accounts, Capital Market Accounts, Military Accounts, Accounts attached to Held Away Assets and Court ordered restriction Accounts (Restriction codes O and D)?
The definition and surety limit for a medallion stamp guarantee for a USBI WM Affluent Client Associate.
What is a special stamp that’s used when you sell or transfer US securities. It confirms that the signature authorizing the sale or transfer is genuine and that the signer has the legal capacity and authority to sign the document. What is $2,000,000?
* Z: $10,000,000 ($14,000,000 for Security Transfer Association members). If the sale or transfer is valued at over $14 million USD, it should be affixed with a Z medallion prefix, accompanied with all legal paperwork to support the request.
Y: $5,000,000
X: $2,000,000
The rank of US Bank on the Fortune 500 list 2024.
What is 107?
* US Bank has $28 billion in annual revenue, $663 billion in assets as of 12/31/23 and more than 70,000 employees worldwide.
Daily Double!!
The exceptions to the ABO IRA 10 year rule as of Jan 1, 2020.
What is the IRA owner's surviving spouse, the IRA owner's minor child, an individual who is not more than 10 years younger than the IRA owner and a disabled or chronically ill person, as determined by the IRS?