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Pershing Retirement Account Annual Maintenance Fee Changes

Effective April 1, 2017, there will be increases in the annual maintenance fees for Pershing Retirement accounts. The new fees will vary by plan type.

All clients were notified of this upcoming change on the December 2016 Pershing Account Statements. Below please find a sample of the language included on the statements.

Please see the below changes in the annual fee(s) for your Retirement Account(s), effective April 1, 2017.

For Clients With Traditional IRAs, Roth IRAs, SEP IRAs and Education Savings Accounts The annual maintenance fee for your Retirement Account will increase from $35.00 to $43.50, effective April 1, 2017.

For Clients With Traditional IRAs and Roth IRAs–Mutual Fund Only Accounts – The annual maintenance fee for your Retirement Account will increase from $10.00 to $12.00, effective April 1, 2017.

For Clients With Prototype Simplified Employee Pensions (Prototype SEPs and SARSEPs) Accounts – The annual maintenance fee for your Retirement Account will increase from $50.00 to $58.50, effective April 1, 2017.

For Clients With SIMPLE Plan and 403(b)(7) Custodial Accounts – The annual maintenance fee for your Retirement Account will increase from $50.00 to $58.50 effective April 1, 2017.

For Clients With Qualified Retirement Plans (QRP) Accounts – The annual maintenance fee for your Retirement Account will increase from $50.00 to $75.00 or $125.00 depending on your QRP plan type, effective April 1, 2017.

Our annual disclosure of Pershing related fees is also included on the December 2016 Pershing account statements. As a reminder, the current Pershing Fee Schedule is available on our website at www.tfsweb.com – Securities, Forms, Pershing Forms, Pershing Fee Schedule 2017.

If you have any questions please contact me at 732-758-9300, Ext. 140 or jfraler@tfsweb.com.

Pershing’s NetX360® Mobile App – Now Free of Charge!

We are excited to announce that Pershing’s NetX360® Mobile App is now free of charge for all users.

In today’s marketplace, it is critical that you stay connected. NetX360® Mobile enables you to conduct critical business operations while you’re on the move—wherever you are.* This intuitive app helps you stay on top of the latest market developments and updates. It also provides access to essential activities that support your business and enables you to stay productive while on the go.

You have a virtual office at your fingertips. With a few simple clicks, you can track your practice through the NetX360 Mobile dashboard and gain actionable intelligence into what’s happening in the market and with your clients’ accounts. With NetX360 Mobile, you can:

  • Access your clients’ account profile, balances, holdings and activity while you’re out of the office
  • View the balances, holdings and activity for any households you have created
  • Review market value, money funds, equity and cash available for a selected household
  • Find your clients’ contact information, view their address or even engage with them
  • Stay ahead of market shifts by absorbing real-time information and access to your watch lists
  • Be notified of time-sensitive needs via alerts and identify items that need immediate attention
  • Trade equities, ETFs and mutual funds

How to Use NetX360 Mobile

  1. Download NetX360 Mobile to your device from the Apple® App Store on your iPad® or iPhone®; from the Microsoft® Windows Store on your Windows® 8 Pro tablet, or from Google Play™ on your Android™ Smartphones.
  2. Open the NetX360 Mobile app from your mobile device and enter your NetX360 user ID and password.

NetX360 Mobile helps extend your NetX360 desktop to your mobile device. In today’s marketplace, accessing important account information when you are away from the office is critical. To learn more about NetX360 Mobile, please visit the Mobile Center in NetX360 under the Tools menu or speak to Jennette Fraler at jfraler@tfsweb.com.

Anytime, anywhere—that is the power of mobility*. That is the power of NetX360 Mobile.

* Subject to system availability and an internet connection.

© 2015 Pershing LLC. Pershing LLC, Member FINRA, NYSE, SIPC, is a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon). Trademark(s) belong to their respective owners. For professional use only. Not for distribution to the public.

NEW ACCOUNT FORM MANDATE

Effective July 1, 2015 the April 2015 version of the New Account Form will be the only version of the New Account Form [NAF] that will be acceptable for new brokerage business, direct business and account updates.

Pershing has updated the NAF to comply with recent Internal Revenue Service mandates. In order for TFS to comply with these IRS mandates we must only accept the 4/15 version of the NAF.

All other versions of the New Account Form received after 7/1/15 will be returned to the representative with the accompanying paperwork and/or checks unprocessed. This is not something TFS desires; however, this new IRS mandate is something we all must comply with.

You can view the updated New Account Form on our website at www.tfsweb.com and the form will be available on LaserApp later this week.

Immediate Action Required: 5/3/2015 Deadline – Your Migration to the New NetX360®

We are nearing the end of the NetX360® migration. There are only 2 weeks remaining until the previous version of NetX360 is no longer accessible. Carefully review the information below to assure that you are prepared for the transition.

System Access

If you have not installed the new NetX360, do so immediately by visiting netx360.com/download. If you participated in pre-testing, you should first uninstall any prior versions of NetX360. Once installed, you can access the new version of NetX360 using your existing NetX360 user ID and password.

You will also need to begin using the new NetX360 as much as possible to perform your daily tasks. You only can access both applications simultaneously until May 3rd, 2015, after that, the previous version of NetX360 will no longer be accessible.

Training: Pershing is hosting several training sessions to help you become proficient with the new NetX360. Please attend one of these training sessions as soon as possible. For details of NetX360 training sessions, please log on to NetX360 and click on the Resources Tab, Learning Center, Client Training Services. We encourage you to watch the Self Learning Course located on the right hand side of the screen titled “New! Transitioning to the New NetX360″. Also, please access the “e-Learning Calendar” for training sessions that are held almost daily for the New NetX360.

Please submit any questions regarding the NetX360 migration process to Jennette Fraler at jfraler@tfsweb.com. Thank you again for your support during the migration process. For more information on NetX360, you may visit pershing.com/netx360.html or pershing.com/netx360.

2nd Notice – Action Required: Your Migration to the New NetX360®

As communicated last week, Pershing is retiring the existing Pershing professional platform and migrating to a new and improved version of NetX360®.

We hope you have installed the new NetX360 and have explored the application. If not, you can install it by visiting netx360.com/download.  Once installed, you can access the new version of NetX360 using your existing NetX360 user ID and password.

We encourage you to begin using the new version of NetX360 as much as possible to perform your daily tasks. You can access both applications simultaneously until the end of April, 2015. After May 3rd, 2015, the previous version of NetX360 will no longer be accessible.

Pershing is hosting several training sessions to help you become proficient with the new NetX360. Please attend one of these training sessions as soon as possible. For details of NetX360 training sessions, please log on to NetX360 and click on the Resources Tab, Learning Center, Client Training Services. We encourage you to watch the Self Learning Course located on the right hand side of the screen titled “New! Transitioning to the New NetX360″. Also, please access the “e-Learning Calendar” for training sessions that are held almost daily for the New NetX360.

Please submit any questions regarding the NetX360 migration process to Jennette Fraler at jfraler@tfsweb.com. Thank you again for your support during the migration process. For more information on NetX360, you may visit pershing.com/netx360.html or pershing.com/netx360  

IRA Contributions for Tax Year 2014

IRA Contributions for Tax Year 2014 must be postmarked by April 15th, 2015.

If you receive a check for a 2014 contribution from a client, on or after April 15th, 2015 and the envelope is postmarked by April 15th, 2015, please immediately forward the check and envelope to your OSJ for processing.

For specific details on contribution deadlines for accounts at Pershing please log-on to NetX360 and go to the Resources Tab, Communications Home, Important Updates, New Retirement Accounts and Contributions for Tax Year 2014.

Action Required: Your Migration to the New NetX360®

The New NetX360®—A Personalized Platform to Power Your Business Needs

Pershing is in the process of retiring the previous version of NetX360®.  After you download the new version of NetX360 (netx360.com/download), you will be migrated to a simpler, personalized and more intuitive advisor experience.

The new version of NetX360 offers easy navigation tabs, custom dashboards and global search. This gives you access to all of the information and tools you need to manage client relationships, evolve your practice, perform research, execute trades and more.

Using the new version of NetX360, you can:

  • Personalize and organize information based on the way you do business
  • Engage with your prospects and clients more fluidly
  • Manage your clients and enter transactions in real time
  • Locate research and data on clients, accounts, households, trades and tools
  • Build and run reports quickly and intuitively
  • Adapt more quickly to regulatory and market changes
  • Leverage actionable insights and trends to help grow your business

To enable you to become familiar with the new platform, Pershing has created training, communications and marketing resources to include:

Microsite (mini web-site)  This provides a video overview and quick tour of the platform’s features, benefits and themes. The microsite is available at: pershing.com/newnetx360.

Training Pershing is also hosting several training sessions to help you become proficient with the new NetX360. Please attend one of these training sessions as soon as possible. For details of NetX360 training sessions, please log on to NetX360 and click on the Resources Tab, Learning Center, Client Training Services. We encourage you to watch the Self Learning Course located on the right hand side of the screen titled “New! Transitioning to the New NetX360”. Also, please access the “e-Learning Calendar” for training sessions that are held almost daily for the New NetX360.

Installing the new NetX360 We encourage you to begin using the new version of NetX360 to perform the daily tasks that you would normally conduct with the previous version. You can access both applications simultaneously until April, 2015. After May 4th, 2015 the previous version of NetX360 will no longer be accessible. You may download the new version of NetX360 by visiting netx360.com/download.

Please submit any questions regarding the NetX360 migration process to Jennette Fraler at jfraler@tfsweb.com. Thank you again for your support during the migration process. For more information on NetX360, you may visit pershing.com/netx360.html or pershing.com/netx360  

New TFS Securities Alternative Investments Disclosure

TFS Securities, in an effort to serve our clients and remain fully compliant with Federal and State regulations concerning Alternative Investments, has just published a new supplemental disclosure for Alternative Investments. This new disclosure is very important because the additional disclosure seeks to further clarify the client’s investments objectives, and how investing in a particular AI is suitable.

The AI Disclosure must be completed fully and signed by both the investment professional and client(s.) The AI Disclosure is to be included with all initial and supplemental investments into Alternative Investments effective Monday, June 9th regardless of a client’s prior Alternative Investment experience. Paperwork received without the AI Disclosure beginning June 9th will not be considered in good order. Alternative Investments is a major regulatory concern and we appreciate, as always, your full attention and cooperation to help insure our client’s investment choices are the best choices for them.   

I’ve included a link to Forms section of tfsweb.com. The AI Disclosure is found under the Broker Dealer section. Remember our forms are password protected so you must be logged into the TFS website in order to access the form. Please feel free to contact me with questions.

—Dan

http://www.tfsweb.com/securities/forms.aspx

Pershing: Quick Client Support

Pershing recently introduced Quick Client Support, which is a service that provides instant access to information in regards to Pershing’s technology, operations within NetX360 and many other areas of the system.

Once logged in to NetX360, go to Resources, Resources Home, Quick Client Support. Then simply click on an area of interest and you will be able to view or download the documents or instructions that relate to your inquiry.

You will be able to search by Frequently Asked Questions such as How do I locate a Pershing Private Investment Form?  or How do I request a stop payment on a check that was issued from a client’s account?

You will also be able to search by Topic Index such as Statements and Confirmations or Tax Reporting.

Please log on to Pershing’s NetX360 and start using this valuable service today!