Transition Basics
The meaning of VBA
What is Vanguard Brokerage Account?
The quickest and easiest way to remove restrictions
What is online?
This is where you will find the date a client’s eligible TA account will be transitioned to a VBA with restrictions.
What is in their transition reminder communication?
The VBA Transition Tool will help you identify
What is the optimal transition path and impacted services?
The only option for transitioning if a client is not digitally eligible
What is a paper form?
This happens if a client doesn’t act before their transition date
What is the account will auto-transition to a VBA with restrictions?
This address status will prevent a client from removing AVBA restrictions
What is an RPO?
The option a client has if they do not want a VBA
What is transfer funds out of Vanguard?
This is what Chat AVBA is used for
What is real-time support for Auto VBA inquiries?
Those who are not on the TIGER team or SD+ should transfer complex account types to
What is FNDS_SWARM_OUTBOUND?
These account types are considered “Simple”
What are Individual, Joint, and Retirement accounts?
The restriction on a clients account will be noted in the following places
What is dynamics alert, trading profile, and restrictions and holds?
The 2 other options a client has if they cannot complete the transition online
What is submit a paper form or use Intelledox?
Tax information that should be provided to a client that wants to liquidate assets
What is inform the client that liquidating their account may result in a tax consequence and they should speak to a tax professional with further questions?
These account types are considered “Complex”
What are Trusts, Organizations, Estates, and Minor IRAs?
This is the primary reason Vanguard is implementing the Auto VBA Transitions initiative.
What is to support better financial decisions and outcomes for clients by focusing on the VBA platform?
Vanguard can legally move a client’s retail TA direct account to a VBA with restrictions because of this.
What is the retirement of the TA retail direct business after giving notice to clients?
The only pathway a full agent can use to remove restrictions
What is a paper form?
The role of Intelledox in transitioning
What is enabling e-signature for eligible account types?
Needs to be done for a Trust account with 5+ signers
What is submit a CMS case with supporting documents?
The $100 Account Closure and Full Transfer Out Fee is waived if this happens within 70 days of auto-transition.
What is transferring the account to another firm within 70 days of auto-transition to VBA?
These are the restrictions associated with AVBA
What are buys, funding/purchase, transferring in?
The option(s) for a client with a trust account that CANNOT upload trust documents, but Vanguard has them on file
What is e-notary, preferred if permitted?
What is using doc on file as last resort?
Tool used to determine which form is needed to remove restrictions
What is AVBA restriction removal forms tool?
A custodian removing restrictions for a minor IRA, where the former minor is now at the age of majority will result in
What is a NIGO?