Final Ops Newsletter June 16

ERISA accounts, Profit Sharing Plans (PSP), 401(k) accounts now need more
documentation on file before the account may be coded as advisory!
These account types must have the QPCT, Qualified Plan Certification, document on file:
To indicate who the Plan’s Trustees are, and how many signatures are needed for
authorizations on the plan’s behalf
To indicate if a plan participant (for segregated FBO accounts only) is able to direct
the investments within the account
Submit this form to New Accounts for imaging to the account, under DOCA code,
QPCT
These account types must also have the ERAD, FA Application to Conduct ERISA Advisory
Business, on file:
ERISA standards say that FAs must provide advisory clients comprehensive, continuous
and prudent investment advice
FAs must meet certain requirements prior to conducting fee-based advisory business
This form shows what qualifications the FA has in place in order to conduct ERISA
advisory business
Submit this form to Tina Morales, Consulting Services Marketing. Tina will then obtain
the sign-offs by Consulting Services, Retirement Plans and Compliance, and then she
will image to the account, under DOCA code, ERAD
If BOTH of these forms are not on file at the time the advisory work request comes through,
Advisory Account Processing must reject the work request back to the branch. The request
can then be resubmitted for processing once both forms are in good order, and on file.
For questions regarding these two forms and what they mean for advisory business can be
directed to the Advisory Product Groups!
10