October Newsletter 2023
October 1, 2023
Newsletters

Announcements

Pershing Paper Subscription Fees

Pershing is set to introduce a paper subscription fee in place of the paper surcharge fee starting from the beginning of 2024. The monthly paper subscription charges will take effect on January 1, 2024. It’s important to update your client’s eDelivery status by December 31 to prevent incurring a paper tax document fee of $10 per account. More information can be found here.

Compliance Reminders

Annual Compliance Meeting and Compliance Questionnaire

The 2023 Annual Compliance Meeting (ACM) and Annual Compliance Questionnaire (ACQ) are available in RegEd and are due by October 31st.

  • The “My Requirements” section on your RegEd Dashboard will list the items that are outstanding
  • Click the blue hyperlinks to access the ACM or ACQ

Client Information and Suitability Requirements

The Client Information and Suitability Form (NAF) or Trust/Entity Information and Suitability Form (NAFE) is required anytime you establish a new account. If you are opening a WealthPort account, you may use the WRAPAPP in lieu of the NAF (or the WRAPPE in lieu of the NAFE). A few things to note:

  • Traditional IRA and RO IRA account registrations are interchangeable with regards to the NAF
  • It is recommended that every three years you do a fact finder with your client and update their information
  • Anytime you become aware of a material change, such as address change, employment, financial profile, investment objectives and risk factors, you are required to either:
    • Submit a new NAF/NAFE
    • Submit a Account Change Update form
    • Make those updates via CLIC (this is the fastest method)

Upcoming Events

Cambridge Community of Women Forum | February 8-10, 2024 | Fort Lauderdale, FL

PJ Advisor Group Annual Enterprise Meeting | April 21-24, 2024 | Tempe, AZ- RSVP HERE

Cambridge Accelerate | May 6-8, 2024 | Scottsdale, AZ

*We highly recommend sending your administrative staff to this!

2024 Ignite Cambridge | August 20-23 | Gaylord Rockies Resort | Aurora, CO

Cambridge Virtual Events – For information on Cambridge’s virtual webinars, please visit this link.

 

Helpful Resources

  • Disclosure Checklist, Chart and Resources – Click here
  • Terminating a Client – Guide
  • Vulnerable Client Documentation Process – Click here
  • Diminished Capacity Documentation Process – Click here
  • Vulnerable Client Intake Form – Click here

Just a reminder that all of these helpful resources and more, can be found on the PJ website under Advisor Login. Call our office if you forgot the password.