Transfers
What is the fee for a full outgoing account transfer?
$75
What two types of retirement accounts are offered as SDI accounts?
What are the stock market hours
9:30 am to 4 pm EST
What is the commission for us to place a mutual fund trade in an SDI account?
$20
Where are the two places that we can update an address in our systems?
Canvas and ICAMS
Does the Receiving firm or the Delivering firm initiate and incoming account transfer?
Receiving firm
What form do we need on file to do a distribution over the phone?
Standing Phone Instructions
What is the minimum required in investable assets to work with JP Morgan Personal Advisors?
$25,000
What is the commission for us to place an equity trade in an SDI account?
$25
What is the name of the form to add a beneficiary to a taxable brokerage account?
Transfer on Death Agreement
How much money needs to be left behind in an account to initiate a partial outgoing account transfer?
At least $150
What is the contribution limit for an IRA in tax year 2024 for someone under 50 years old?
$7000
What is the check deposit hold timeframe?
7 business days with funds becoming available to withdraw on the 8th business day from the date of the deposit
What is the commission to place a mutual fund trade in a full service non-managed account?
$0
Can a secondary joint account holder be removed from a brokerage account?
Yes
What is the DTC number for JPMS
0352
What would cause a Form 5498 to generate in a retirement account?
The 5498 document is received for each retirement account where a contribution and/or rollover was performed
What is the commission to place an equity trade in a full service non-managed account?
Either 1% of the order value or $25 (whichever is greater)
What is the IR pathway to switch a client from paper settings to paperless on their online profile?
Trick Question... there isn't one... client must make the change on Chase.com.
What is the SLA on an outgoing non-acat transfer?
15 business days
How can a client open a SIMPLE IRA with JP Morgan?
They can't... We no longer offer that type of account
What are the two requirements to open a JP Morgan SDI account?
-US resident with US legal address
-Must be over 18
How many primary and contingent beneficiaries can a client add to their IRA on Chase.com
Up to 15 primary and 15 contingent beneficiaries can be added online