Monthly Archives: February 2016

TFS Insurance Advisor – February 2016 Newsletter

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To download or view the entire newsletter in PDF format, please click on this link or on the pictures above.

If you have questions regarding these products, please contact or our Business Development Specialist, Thomas Hyland Jr.

Thomas P. Hyland, Jr.
Business Development Specialist
(732) 758-9300 x127
THylandJr@TFSweb.com

TFS Insurance Brokerage, Inc.

Insurance Products Offered through TFS Insurance Brokerage, Inc.
Securities Offered Through TFS Securities, Inc. Member FINRA & SIPC
Investment Advisory Services Offered Through TFS Advisory Services
Mortgages Offered Through TFS Mortgage Corporation, Inc.
Find out about us at www.tfsweb.com

Pershing Phased Tax Document Mailing Schedule

Below please find the anticipated mailing dates for Forms 1099 for Pershing Accounts.

Phase 1 – Scheduled Mailing Date: January 31
> Forms 1099 will be mailed for accounts with holdings and income that typically do not require reclassification or additional information from issuers. Generally, this includes accounts holding fixed income (debt) or equity-only investments and options.

Phase 2 – Scheduled Mailing Date: February 16
> Generally, this mailing includes issuers of mutual funds, certain unit investment trusts (UITs), real estate investment trusts (REITs) and certain equities, because the issuer provided their final tax information after the January 31 mailing is prepared.

> Pending 1099 Notices will be mailed for accounts where we are awaiting data from issuers.
The notice will list investments that are awaiting information from issuers or trustees and indicate the possible mail date of an investor’s 1099. This notice, which will be available in
e-Document Suite, will be mailed when issuers of reportable income cannot provide final tax information before the February 16 mailing is prepared. This letter will identify the income impacting the mail date.

> Revision mailing for 1099s sent in Phase One, as required.

Phase 3 – Scheduled Mailing Date: February 29
> Form 1099 mailing will occur for accounts for which we can now include information that was previously pending income reclassifications from issuers of mutual funds, REITs and certain equities, because the issuer or trustee has provided Pershing with final tax information. Generally, this includes remaining mutual funds, REITs and certain equities.1

> Revision mailing for 1099s sent in Phases One and Two, as required.

Phase 4 – Scheduled Mailing Date: March 17
> Form 1099 mailing will occur for all remaining accounts, regardless of whether pending income reclassifications for the account’s income have been received from issuers. Generally, this includes accounts holding complex non-equity securities, such as real estate mortgage investment conduits (REMICs), widely held fixed investment trusts (WHFITs) and some UITs.

> Revision mailing for 1099s sent in all previous phases, as required.

Updated Pershing IRA Documents

Pershing is updating the IRA Custodial Account Agreement, Disclosure Statement and Application. This is due to changing regulatory, legislative and business practices affecting all Traditional, Roth, SEP and SIMPLE IRA accounts where Pershing LLC serves as IRA custodian.

Effective immediately, new IRA accounts should be established using the new IRA custodial account agreements, available on our website www.tfsweb.com, under Securities, Forms, Pershing Forms and in the Marketing Center on NetX360®.

The forms that were updated are:

Traditional IRA Adoption Agreement, SIMPLE IRA Adoption Agreement, Roth IRA Adoption Agreement and Inherited IRA Adoption Agreement.

The updated forms have print dates of 12/15. Old forms will not be accepted after May 1, 2016.

Please make sure to update your forms and processes now.

Retirement Income Planning Using Indexed UL Insurance

VoyaIUL

Click here for the Voya IUL Illustration!

If you have questions regarding these products, please contact the members of our marketing team, Thomas Hyland Jr. and Eric Edwards.

Thomas P. Hyland, Jr.
Business Development Specialist
Phone: (732) 758-9300 x127
Email: THylandJr@TFSweb.com

Eric Edwards
Phone: (732) 758-9300 x125
Email: EEdwards@TFSweb.com

TFS Insurance Brokerage, Inc.

Insurance Products Offered through TFS Insurance Brokerage, Inc.
Securities Offered Through TFS Securities, Inc. Member FINRA & SIPC
Investment Advisory Services Offered Through TFS Advisory Services
Mortgages Offered Through TFS Mortgage Corporation, Inc.