Show:
Standing Instructions
&
distributions
Account Update
Account Setup
Due to Death
Transfer
100

Form used for Standing Bank Link on Pershing side. 

ACH Authorization Agreement

100

What account Updates on the AUF require back up documentation ?

  •  SSN/TIN
  • Date of Birth
  • Client Name Changes
  • Entity Name Changes 
  • Citizenship
  • Marital Status
100

What is The form Needed for new “retail investor” or “natural person” accounts for family, household, or personal use. 

The Best Interest Analysis  

100

What is need to move funds when a trustee passes away. 

Journal signed by Successor, Death Certificate, and Trust Documents 

100

Which firm will allow all transfers due to death if coming from a Spouse's IRA 

Pershing 

200

Form used for Distributions out of Retail account. National side.

Cashiering Request Nonretirement

200

What type of account is margin NEVER allowed on? 

Retirement Accounts

200

To correct a SSN on an account, financial professionals must obtain a what ?

a completed and signed W9 Form from their client and submit it to Cambridge.

200

Forms need to move from a Deceases IRA to an inherited IRA ( NFS Side)

IRAKIT 

200

When is a Statement not NEEDED for a Transfer

When it's Internal Transfers 

300

Form for setting Standing Taxes on a Pershing account. 

IRA/ESA Distribution Request    

300

What are the cash management access forms used for ?

Check writing features. 

300

Accounts that have been opened for ______ days or longer and never funded will be closed.

90 days

300

The owner of an Individual NFS account has died. What is needed. 

The Account has to move to an Estate 

300

When may we require new ACAT paperwork to bring over remaining funds. 

When it was NOT a full or internal transfer. 

400

Form for sending a check out of a retail account to address of record. 

N/A

400

What is required for Removing POA?

  • New POA paperwork stating the previous POA is no longer in effect.

  • Letter of resignation from the resigning agent.

OR

  • Letter from the Investor, signed and dated, asking to remove POA as well as listing an "as of" date for when POA was terminate
  • Letter of resignation from the resigning agent.
400

The minor of a UTMA has reached age of majority, WHO can sign the PPWK now? 

Custodian signs. The ,used to be, minor can sign but is not required.


400

What is the purpose of an Affidavit for Collection of Personal Property 

to allow us to liquidate the account due to death.

400

Which clearing firm will accept a Due to divorce Transfer, without it going into another account with them first?

Pershing 

500

Form to code the authorization to send funds at will. 

AMA - Asset movement authorization 

500

what are the Three ways to change the money markets?

  • To update a money market on a client account, the advisor can call PSC, open a service request, or send in an AUF (this will NOT need client signature).
500

What is required to add POA to an existing account? 

  • Client Information and Suitability Form Additional Signers (NAFADD)
  • POA Legal Paperwork stating that the Agent is in fact authorized to act on behalf of the Principal
  • Power of Attorney Affidavit & Indemnification Form (POAAPP)
500

A Joint with Rights of Survivorship has passed. What does the Now Sole owner do ? 

They have 6 months to act in full authority. After which the account will be coded as deceased and the will need to repaper/re-register the Account. 

500

When will NFS require a Letter of Acceptance for a transfer out 

Retirement Accounts