| Accounts | COPs/CSAs | Fisher |
|---|---|---|
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IRA, 401K, 403(b), 457.
Name 2 Tax-Deferred Accounts
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Works with IC's completing miscellaneous requests for Trading clients. Help to clear NAERs and Re-Registrations.
What are the responsibilities of a COP?
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Investment Policy Committee.
What does IPC stand for?
|
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Tax Deferred: You delay paying taxes upon contribution.
Tax Exempt: You invest already taxed money, and your withdrawals at retirement are not subject to taxes.
What is the difference between Tax Deferred and Tax Exempt
|
They are assigned to clients at the prospect level and helps getting custodial paperwork set up to switch the client to non-trading status. At which time they help onboard the client with an IC and transfer the assets.
What are the responsibilities of a CAC?
|
Damian Ornani
Who is our CEO?
|
|
The creator of a Trust.
Who is a Grantor? What type of account?
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11am PT and Portfolio Accounting
What is the Cost Basis submission deadline and who processes it?
|
Ken Fisher, Jeff Silk, Bill Glaser, Aaron Anderson, and Michael Hanson
Name 3 members of the IPC.
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A Revocable can change or cancel the trust while the Grantor is still alive.
Irrevocable, cannot be modified, amended, or terminated without the permission of the grantor's beneficiary or beneficiaries. Basically the Grantor transfers all ownership to the assets. (Fun Fact) Doctors set these up to protect their money against malpractice lawsuits. FIN Coding - Revocable account class = TR Irrevocable Account class = IT
What is the different between a Revocable and Irrevocable Trust, and what is the difference for FIN coding?
|
DS screen with the FIN. Hit F5/F4 to look at value and Dates.
How do you check if Cost basis has been processed? What do you look for?
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Top-Down. 70% Asset Allocation (stocks, bonds, cash), 20% Sub Asset Allocation (Country, sector), 10% Individual Security.
What is our Investment Process?
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Health Savings Account - medical savings account available to taxpayers who are enrolled in a high-deductible health plan. Funds contributed to the account are not taxed at time of deposit. Earnings are tax free, and withdrawals are tax free if used towards medical expenses.
What is an HSA and how is it taxed?
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It is the original value or purchase price of an asset or investment for tax purposes. The value is used in the calculation of capital gains or losses. Which is the difference between the selling price and purchase price.
What is Cost basis?
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Globally Dominant Direct Marketer of Separate Account High Net Worth Asset Management.
What does GDDMSAHNWAM stand for?
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