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Transferring to Pershing Advisory Accounts

. Moving an existing J10 account to a J60 account. 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. .

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Transferring to Pershing Advisory Accounts






Presentation on theme: "Transferring to Pershing Advisory Accounts"— Presentation transcript:

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