Residuals
/Statuses
/Statuses
What does " awaiting" e-signature on TaSC mean?
What is the transfer paperwork has not been electronically signed by all required signors. WEB042509
What is the transfer out fee?
What is $95 WEB042624
What is not allowed? Use trust job aid
What is a client service agreement?
Client Service Agreement is a form the client signs agreeing to the program type they have chosen such as select, GS or Advisory. It is approved by field supervision
What is the new system we want to be using that is like TaSC
What is AM Center
How long can a residual be sent over from a Brokerage company into Edward Jones?
What is 6 months? WEB5124396
How do clear a debit that was transferred into an IRA from another firm?
What is the Client can make a contribution to the account, if eligible
What must match to transfer from trust to trust?
What is Title, Trust date, agreement date, TID/SSN date, trustees (Use trust job aid)
You can hold this amount of "idle" cash in an advisory account before it buys into the program.
What is $50
What is a claim?
A claim, or reclaim, is a request to return cash or assets to the original owner due to a processing error that was made by the delivering firm, or because incorrect transfer instructions were provided to the carrying firm, and these requests are submitted by the firm that caused the error.WEB6000113
Who takes care of a Branch Processing transfer?
Who is the Branch? WEB042619
What are the transfer in fees for a regular account from an a Bank, Trust or Credit Union?
What is the fees other firms charge to the client for transferring an account can vary considerably, from tens to hundreds of dollars. WEB042188
What form would we use for Gift transfers of $50,000 or less in value to a charitable organization or an individual at another firm?
What is the express transfer out form message?WEB5062022
Which firm type should we ALWAYS check the securities to make sure they are eligible?
What is a brokerage?
Which kind of CD's can be in-kind and what kind of CD's have to be in cash?
What is Proprietary CD's CANNOT be in-kind. They come from a bank/trust/credit union.
A non-proprietary CD CAN be in kind. These come from Brokerage accounts.
The first residual out will be sent how many days after completing the transfer out?
What is 10 days? WEB042491
What is the transfer out fee for a retirement for a divorce transfer?
What is $0. It is waived WEB042625
How are fractional shares transferred out of Edward Jones?
What is Fractional shares of equities, bonds, and Exchange Trade Funds (ETF) cannot be transferred outside of Edward Jones, and Mutual funds can only be transferred up to the third decimal place (.123). WEB5062022
What are the 3 processes that you can cancel a transfer into Edward Jones?
What is Branch Action: Awaiting transfer paperwork, Branch Action: Awaiting e-signature, Branch Action: Branch Processing WEB042508
What do transfer agent securities have to be in order for the transfer to be able to happen?
What is book entry?
What is a soft and a hard reject?
What is a soft reject can be thought of as a temporary reject that can be "fixed" before it becomes permanent. It can be adjusted within the next 24 hours and resubmitted to the delivering firm.
What is a hard reject can be thought of as a permanent reject. It cannot be "fixed" on the ACAT system. Instead a new transfer must be submitted to the delivering firm.
What is are the fees for inherited IRAs transfers out that have been closed 12 months from the date of opening.
What is Inherited IRAs will not be charged a termination fee or annual for 12 months from the day of account opening (not first activity).WEB5398594
Who gives permission to transfer a gift into Edward jones and what do we provide?
Edward Jones does not take directions from an individual to set up a gift transfer from another firm to an Edward Jones client. Advise the individual to contact the delivering firm directly to submit the transfer to Edward Jones. You can provide our delivery instructions (pdf) to them, which they can give to the other firm.WEB042053
What is a rescind Letter?
Home office will try to stop a transfer out to a bank, brokerage firm, mutual fund company, or insurance/annuity provider once a Transfer Out Rescind Letter signed by all registered Edward Jones account owners has been scanned. WEB042541
What does Edward Jones do with a value security that is being transferred into Edward Jones.
Edward Jones will not accept a valueless asset.
Client will need to leave the valueless asset at the delivering firm. Note the delivering firm may require a minimum cash balance and/or securities to support the valueless asset. The client will need to contact the delivering firm for minimum balance requirements as it varies from firm to firm and account type. WEB042031