Your firm's clients, who may offer SIMPLE IRA plans to their employees, are required to provide certain materials that give eligible employees important information to consider before starting, continuing or changing a salary reduction agreement
SIMPLE IRA PLAN SALARY REDUCTION AGREEMENT
SIMPLE IRA PLAN PARTICIPATION NOTICE AND SUMMARY DESCRIPTION
Order Audit Trail System (OATS) Retirement
As part of the industry Order Audit Trail System (OATS) retirement initiative, we have discontinued OATS reporting, therefore, the OATS standard files are no longer providing detailed records.
Bulletin: Best Execution
We have procedures in place that are reasonably designed to obtain best execution for non-directed orders that are placed with us. This Bulletin should be consulted for the latest information on our best execution policy.
Client Training Services enhances the user experience in NetX360 by offering blended learning through a combination of video content and insightful instructor-led courses.
Statement Enhancement: Client Service Information Section
Starting with October month-end statements, firms that are using the Relationship Profile Manager (RPM) will display additional advisor information, such as new phone contact information types, advisor email address and team information (if applicable) in the Client Service Information section of their statements.
New Experience for NetX360® Fed Fund Withdrawals
As per our previous communication, we are pleased to announce that the redesign of Asset Movement Fed Fund Withdrawals will become effective September 20, 2021.
2021 Tax Software Information
H&R Block Tax Software and TurboTax tax preparation software offer electronic download of tax information. This service is available via NetXInvestor and your firm may offer this feature to your clients.
Updated LoanAdvance™ Materials
Updated LoanAdvance forms, marketing materials, and an operations guide are available within NetX360.
Online Balancing Features for Equity and Options
The date that the "New Experience" selector will be removed has been changed. We will communicate the new date when it is available.
Update: Withholding on the Transfer of a PTP Interest
The Internal Revenue Code section 1446(f)-Withholding on the Transfer of a Publicly Traded Partnership (PTP) Interest is now scheduled to go into effect on January 1, 2023. Review how this impacts non-U.S. account holders.