Moving an existing J10 account to a J60 account NEW FORM BD to RIA Platform Change Form If the clients J10 Pershing account was opened within the past 3 years you will not be required to repaper the entire account unless the clients suitability information has changed ID: 696031
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Slide1
Transferring to Pershing Advisory Accounts
Slide2
Moving an existing J10 account to a J60 accountSlide3
NEW FORM- BD to RIA Platform Change Form
If
the client’s J10 Pershing account was opened within the past 3 years you will not be required to repaper the entire account, unless the client’s suitability information has changed.
The
client will only need to complete the required forms for First Heartland Consultants along with the BD to RIA Platform Change Form and Customer Recommendation Form
.
If
the account is older than 3 years, you may still use this document to move the account but you will be required to also complete an updated Customer Account Form, Account Suitability Form and the Customer Recommendation Form for the client. Slide4
BD to RIA Platform Change Form
This form will give authorization for the transfer of the J10 to J60
.
Allow the client to authorize Pershing to “copy” old documents to the new account
Adoption Agreement
TOD Agreement
Electronic Delivery Request
ACH Authorization
Periodic PlansSlide5
New Paperwork Needed for J60 Account if account is older than 3 years
*If
the account was opened after July 2009 at Pershing we do not need the Application. It can be copied from the J10.Slide6
Opening the J60Slide7
Transferring in Accounts Held direct with Mutual Fund CompanySlide8
Mutual Fund Transfers
STEP
1 – Receiving Account Information
Provide the receiving account
number.
Provide the SSN/TIN of all account
owners.
Provide the two letter abbreviation for the account
registration.
STEP
2 – Delivering Account Information.
Provide the delivering firm’s account
number.
Provide the delivering firm’s
name.
Provide the client’s name as it appears on the
statement.
Provide the delivering firm’s full overnight address -
PO
Boxes can not be used!
STEP
3- Transfer Type
Mark ‘Direct Mutual Fund
’ if the funds are
transferring in kind
Mark ‘Full’, then ‘Liquidate all assets listed in Step 4’ if
liquidating the funds
.Slide9
Mutual Fund Transfers (continued)
STEP 4
– Partial Transfers, Direct Mutual Funds, and Liquidations
All fields are required!
Give the quantity to be transferred – use
ALL
if you are bringing over the entire
holding.
Give the mutual fund
name. Abbreviate if needed.
Give the Symbol or CUSIP for the mutual
fund.
Give the fund account number –
do not include the fund
number.
Mark ‘Transfer in Kind
’ or ‘Liquidate’ whichever is appropriate.
Mark the choice for dividends and capital
gains.
Give the estimated value of the
holding.
STEP
5- Retirement Plan Restrictions and Certifications
This section will be completed by
Pershing.
STEP
6- One in the same Person
Used if the client’s name doesn’t match exactly on both receiving and delivering accounts.
STEP 7- Participant Signature and Certification
All account owners should sign and date the
form.
Give the name and phone number of the registered
representative.
PLEASE NOTE:
Signature Guarantee is not
needed.
Be sure the account number is on every
page!Slide10
Share Class Conversions ProcessSlide11
Service Center Screen ExampleSlide12
Questions?
Please join us for our next
Heartland Huddle
-
Wednesday
January 4th 10:00am
Topic: TBD