Recurring Options
After ______ failed attempts to run AIPs will automatically cancel
Dates the RMD automatic service must run between
5th - 25th
Moving money from a traditional IRA account to a Roth account
Roth Conversion
Preferred cost basis method for Personal Investor | Advice clients
What is MinTax?
Definition of brokerage journal
What is an in-kind transfer of brokerage securities between two “like-registered”?
Two types of automatic options
What are Automatic Investment plan, Automatic Withdrawal Plan?
Age a client must be for QCD?
70.5
Process for tax free conversion of eligible Vanguard Mutual Funds to their ETF equivalents
ETF Conversion
These 3 questions must be asked prior to processing a One Time Wire to a bank not on file
3 AMLs
What is the purpose of the wire?
Who is the beneficiary of the wire?
How were the wire instructions verified?
Timeframe for completion by processing team
1 - 5 business days
Allowable Tax withholding rate for VBA account
0-99%
Three options you have for taking a distribution from for Vanguard mutual funds for the auto service
proportionally, equally or by percentages
Adjust by ______ to have dollar amount and value match when convert by dollars
1/1000th (.001)
Phone line to transfer COO calls
ASG_PAS_COO
*Unless Due to Death then COO_Complex
An advisor requests to journal assets in kind from a self -managed individual brokerage account to a managed individual brokerage account. Whose consent is required on the recorded line?
The Client
Limit of Recurring Investments a client can have
None (No limit)
The default federal withholding rate for QCDs?
0%
ASG must confirm these items if processing ETF conversion in a taxable brokerage account
Adam said he would love to play the role of this character in the Broadway musical, Hamilton
King George
The 5 types of securities that can be journaled
ETF, fixed income security, stock, FundAccess fund (non VG-MF), and Vanguard mutual fund
Length of collectability hold for investments
7 calendar days
An adjustment (edit) to RMD auto service is required when this occurs?
Any IRA distribution taken prior to the RMD auto service distribution date
Roth conversion script you always read to the advisor?
A Roth conversion cannot be undone, is likely a taxable event, and taxes cannot be withheld through this process. Would you like to proceed?" (or a similar statement that covers these three important elements)"
OR
Full yellow scripts in the conversion trade path
When an advisor calls to process a monetary transaction, what do you need to ask them?
Is this for implementation?
Types of retirement accounts that are considered identical
What are traditional, rollover and SEP IRAs