SEI
This term refers to the type of managed account structure where the advisor handles risk tolerance outside of SEI and not needing to do SEI's risk questionnaire.
What is Sub-Advised?
This feature allows clients to complete account opening digitally without paper forms.
What is Digital Account Opening?
The name for Fidelity's "Help" Section
What is Policies and Procedures?
If you need to check the status of submitted paperwork or digital requests, you go to this tracking area.
What is "Accounts -> Activity -> Status"
* Make sure you are on firm and not account specific
The name of transferring funds internally from one account to another
What is a Journal
You go here under the Business tab to check or retrieve a list of all clients' beneficiaries, contributions, and RMDs on their IRA accounts
What is IRA Compliance?
What is "secure document upload"
The name of the system used for processing money movement
What is ICP or Integrated Cashiering Platform?
To update a client’s legal name due to marriage, Schwab requires this documentation.
What is a copy of the marriage certificate (or legal name change document)?
If a client wants to transfer assets from another firm, you would initiate this process. (not workplace plans
Transfer of Assets (TOA)
To prevent a NIGO when opening a Trust Account, this specific document is usually required to verify the Trust’s date and authorized signers.
What is Certificate of Trust or Trust Document?
If you need to check the status of submitted paperwork or digital requests, you go to this tracking area.
What is Support Cases
This is the primary online tool used to submit paperwork, track the status of a transfer, and communicate with Fidelity service associates.
What is Service Center?
This tool allows you to bypass DocuSign, allowing Schwab to process quicker and more effectively.
What is "Digital Workflow"
The Term used when a client has given permission to have instructions on file.
What is Standing Instructions
This account feature is designed to function similarly to a high-feature checking account. It bridges the gap between a client’s long-term investment portfolio and their daily spending needs.
What is a CAA or Cash Access Account?
The tab where you can see all IRA or solo 401K contributions made
What is "Retirement"
This is where you go to check asset transferrability
What is Security Search?
If paperwork contains a correction, Schwab requires this next to the change.
What is a client initial and date?
The deadline to make a prior-year IRA contribution is typically this date.
Tax Day
This is how you can tell if a banking instruction is a standing instruction under the Related Parties section
What is Straight Through Eligible?
The place to update a client's Document delivery preferences
What is Account -> Details -> Document delivery preferences
This form and this document are needed in order to add Power of Attorney to an account where only the POA needs to sign.
What are Fidelity Power of Attorney and Indemnification Form and the legal POA/DPOA document?
This page allows you to view real-time account balances, positions, and pending transactions all in one place.
The Paperwork needed to open a SEP IRA
IRA Application
SEP Employer Agreement
SEP Adoption Agreement