NetX 360+
Where to find standing instructions for a client, and what to look for.
What is client profile, standing instructions, bank name, ABA (routing number), and account number.
Where you can find existing proposals
"Practice" tab, "Proposals" tab, or "Clients" tab
True or False: Only one entry is needed when completing the CRS Log for more than one FA
What is True?
Information you log into Redtail after a Direct Business call.
What is name of CSR, phone/case number, and detailed description of the call.
Reviews application to ensure the product is in the client's best interest based on suitability, investment objective, and risk tolerance.
What is the Annuity Review Team?
RMDs: What does it stand for, what is the account type, and what is the age that the client needs to start taking them
What is Required Minimum Distribution, IRA, and 73 1/2?
Name the 4 types of advisory products
What are Unified, Guided, Advisory I & Advisory II
True or False: Emails to advisors and clients must be logged in the blotter.
What is False?
Name five items you should have ready prior to a Direct Business call.
What are the phone number, account/policy number, client name, rep ID, and clearing firm?
Cetera form used for variable and indexed products
What is Annuity Transaction Worksheet?
Where to find updates on submitted documentation
What is Activity, then work status?
True or False: A proposal must be generated even if the advisor DOES NOT share with the client.
What is True?
Securities and advisor-related activity prepared for delivery to 25 or fewer prospects or clients in a 30-day period, including delivered mail
What is Outgoing Correspondence?
Where to find and resolve DB item that is NIGO
What is the AdviceWorks Status Dashboard, find the account and "View" NIGO reason and resolve by submitting corrected document via Docupace
Difference between Variable and Fixed Annuity.
What is Variable has a securities component and is invested in the market, which fluctuates, and the interest rates vary. Fixed does not fluctuate
Items needed/to check for when initiating a distribution request.
What is making sure there is cash available and to raise case if there isn't, check for standing instructions or confirm that the address of record is correct, indicate withholdings, make sure the amount is correct.
Advisory product in which you CANNOT use drift
Guided
Check divided between two accounts. One entry for full check amount under either account number. Enter details of amounts in comment box.
What is logging a split check?
DAILY DOUBLE!!!!!
List the items needed to open a Trust account with a DB company doing a 1035 Exchange.
DAILY DOUBLE!!!!!
What is the ATW Form Number and name five items on it.
Items needed to open a Corporate account.
What are the AIF, Corporate Resolution, and corporate docs listing the members.
Adjust target allocations, change client fees, or invested model. Made at investment group level
What is Goal Modification?
Email messages sent to more than 25 people in a 30-day period, letterhead, for example.
What is submitting Ad Review request?
Basic process of converting a 529 plan for someone who has reached the age of majority
What is ownership change, new application/supplemental forms?
Describe a SPIA and SPDA?
What is Single Premium Immediate Annuity - large one-time premium amount then distributed in monthly (or annual) increments over a certain time period. Single Premium Deferred Annuity is funded with the money staying there for a certain period of time before you can withdraw penalty-free.