If I want to contribute to my qualified IRA, to whom should I make the check payable?
Yourself
If I want to contribute to my non-qualified brokerage account, to whom should I make the check payable?
Yourself
If I need to make additional premium payments to my Pacific Life Variable Universal Life (VUL) policy, to whom should I make the check payable?
Pacific Life
If I need to make additional premium payments to my Nationwide Insurance Variable Universal Life (VUL) policy, to whom should I make the check payable?
Nationwide Insurance
If I need to request money out of my brokerage account, how do you process this request?
If the amount of money is readily available, we can request the check the same day of your request if it is before 1:30pm. Checks are sent via regular mail. We can also request funds be sent via federal wire within the same timeline. There is a $25 fee for wires.
What if the money I need exceeds what I have available in cash?
If the amount that you need exceeds what is available in cash, we will need to redeem securities in your account. This will take 4 business days from the day you call and tell us you need the money.
Our clearing firm is National Financial. What is a clearing firm?
A clearing firm is an organization that works with the exchanges to handle confirmation, delivery and settlement of transactions. Such corporations play a key role in ensuring that executed trades are settled within a specified period of time and in an efficient manner. They are also called a clearing corporation or clearing house.
What does SEC stand for?
Securities and Exchange Commission. The primary federal regulatory agency for the securities industry, whose responsibility is to promote full disclosure and to protect investors against fraudulent and manipulative practices in the securities markets.
What does SIPC stand for?
Securities Investor Protection Corporation (SIPC). A non-profit membership corporation established by Congress which insures securities and cash in customer accounts up to $500,000 (up to $100,000 on cash) in the event of brokerage bankruptcy. The SIPC is funded by all of its member securities broker/dealers. While it insures the account in the event that a brokerage runs out of funds to cover its claims, it does not insure against investment losses.
What does FINRA stand for?
The Financial Industry Regulatory Authority (FINRA), is the largest non-governmental regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 5,100 brokerage firms, about 173,000 branch offices and more than 665,000 registered securities representatives. Created in July 2007 through the consolidation of the NASD and the member regulation, enforcement and arbitration functions of the New York Stock Exchange, FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. |
