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Limited Authority
What is the highest level of authority can an authorized trader have on a 529 plan?
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If relationship does not indicate Spouse, we default too OTHER.
If a BENE change request was submitted, what would be our default relationship if no relationship was provided.
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Up to 90% of their lives!
How long can sloths spend hanging upside down?
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Yes, we would add as a courtesy.
T/ F- We can add ACH banking on an account even if only the bank wire option was selected?
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F- We must receive a medallion signature guarantee
T/F- We can remove a theft/fraud freeze from an account with a notary.
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F- BENE name change on a UTMA account require LOI with authorized signature AND copy of a legal document evidencing the name change.
T/ F – We cannot use an LOI and copy of a legal document to process a name change of a minor of a UTMA account.
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We would request a manager exception.
Can a notarized document that has been uploaded by the SH be accepted?
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Epic Games
What North Carolina-based video game company created the 2018 breakout hit "Fortnite"?
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We need to make sure the SH’s acct and Spouse acct are linked for rights or accumulation (If Spouse has an existing account).
What should be done if the BENE being added is the SH’s spouse?
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We cannot update banking
Can banking information be added to a Deminumus accounts?
Bonus! |
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Luigi's Mansion
Which spooky 2001 GameCube game starring Mario’s brother got a reboot for Nintendo Switch in 2019
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Some checks have an ACH (RT) number in addition to the ABA number. If an ACH (RT) number is provided, use that in place of the ABA number.
T/F- If a voided check comes in with a smaller routing- we add the small one.
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F- For SIMPLE IRAs and BDA IRAs, code Tele ACH Purchase as No.
T/F- Both the Tele ACH Purchase and Tel ACH Redeem are set as yes/default for a Simple IRA account.
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A comedian tried to put New Zealand up for sale twice.
Which country has someone attempted to sell not once, but twice, on the internet?
Bonus! |
All FIAM account owners must sign the request and a corporate resolution is required, refer to Corporate Resolution Requirements .
Can we accept a company check when provided for a non-entity account?
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New Account Application (Individual, Entity, and CIB)
Cost Basis Method Election form (Shareholder only) Letter of Instruction
What forms are acceptable to update cost basis?
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If a check reorder form is received, a $500.00 fund balance is not required, but is required if establishing new fund/option.
If the $500.00 fund balance required for a check writing reorder?
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Per language on paperwork this can be used on Fidelity Advisor account – no account type is specified.
Can we accept the Fidelity Advisor Money Line® Electronic Funds Transfer Authorization with all account types?
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T- A foreign marriage certificate is acceptable provided we can confirm it is for our account owner, and it meets all the requirements. Foreign marriage certificates may be written in the local language, with an English translation, and prepared according to local laws. Escalate to your workleader or manager for review. If the marriage certificate does not have an English translation, or cannot be translated internally, the request is NIGO.
T/ F- We can accept a foreign marriage license or marriage certificate to update SH name.
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Plan Contact or Plan Contribution Submitter or Plan's Authorized Signer* or President (or Owner) of the company or Chief Executive Officer
Whose signature can we accept on a Simple plan adoption agreement/ company profile?
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Email the Ret. Offline Team with the plan number.
What should be done once When an ADP or Paychex plan is terminated?
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Letter of Instruction on Company Letterhead that specifically states the individuals to be removed.
Can a Letter of Instruction that specifically states the individuals (Authorized trader) to be removed be accepted?
Bonus! |
FIIOC allows shares to be placed in collateral at the request of both a shareholder and a third party. By doing so, a shareholder restricts his or her ability to remove shares from a non-retirement Fidelity mutual fund account.
Fill in the blank FIIOC allows shares to be placed in ___________ at the request of both a shareholder and a third party. By doing so, a shareholder restricts his or her ability to remove shares from a _______ Fidelity mutual fund account.
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SIMPLE IRAs
Employee Benefit Plans Retail accounts Class I shares Class O shares
Which accounts or share class/fund(s) cannot be the sole or lead account or be linked for purposes of fulfilling an LOI?
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Investors will always be subject to a CDSC for non-qualified distributions. Standard CDSC waivers do not apply to 529 Plans managed by Fidelity, however, waivers for CDSC do apply.
On a 529 plan that is setting up a SWP, when would we set the CDSC to waive?
Bonus! |
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