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.