Tag Archives: tfs securities

IMPORTANT INFORMATION REGARDING REALTY CAPITAL AND SC DISTRIBUTORS

Dear Friends,

In the wake of an ever expanding wave of regulatory scrutiny surrounding American Realty Capital, Realty Capital Securities, and its founder Nicholas Schorsch, TFS Securities, Inc. has decided effective immediately, to suspend sales in products distributed by Realty Capital Securities, and their subsidiary SC Distributors.  Products affected by this change include Carter Validus Mission Critical REIT II and Sierra Income Fund.

http://www.investmentnews.com/article/20151112/FREE/151119971/massachusetts-galvin-charges-realty-capital-securities-with-proxy

http://www.investmentnews.com/article/20151116/FREE/151119942/ar-capital-to-stop-creating-new-nontraded-reits-close-existing#.VkoEGv9nTa4.mailto

Unlike many of our competitors, TFS Securities, Inc. has never approved or offered programs offered by ARC, RCS, or its affiliates.  TFS Securities, Inc. has performed extensive Due Diligence and approved agreements for the sale of the Carter Validus and Sierra programs when they were distributed by SC Distributors.  Last year, SC Distributors was acquired by Realty Capital.

While these investment funds are completely separate entities that are unaffected by the dynamics of the distributor, we feel that it is prudent to move onto the sidelines while these issues are worked out.  TFS has always taken an ultra-conservative position regarding DPPs, LPs, REITs, and BDCs.  This industry has enjoyed a 5+ year window of explosive capital raised and deployed into real estate, initially at discounts from appraised value and extremely attractive CAP Rates.  As with any other cycle, the deeper we get into that cycle, the selection of bargains are no longer as plentiful.

As always, we encourage you to focus diligently on client suitability and concentration guidelines.  Anyone with business in hand should submit this business in person or via overnight mail to be received at TFS no later than Thursday Morning 11/19.  Please understand that this is not a fire sale, nor an invitation to run out and force through a lot of business under the deadline.  This type of activity will be heavily scrutinized and will not likely be approved.

As always, your cooperation is greatly appreciated.  Please direct any questions to me at 732-758-9300  x 145 or via email at tphyland@tfsweb.com.

Respectfully,

Tom

Thomas P. Hyland

President

437 Newman Springs Road
Lincroft, NJ 07738
732-758-9300 Extension 145
800-833-1862 Extension 145

732-576-4501 FAX

TPHyland@tfsweb.com

Visit us on the web at WealthTFS.com

Securities Offered Through TFS Securities, Inc. Member FINRA & SIPC

Investment Advisory Services Offered Through TFS Advisory Services                                                                                                                                                                                                             SEC Registered Investment Advisor

Mortgages Offered Through TFS Mortgage Corporation, Inc.
Correspondent Residential Mortgage Lender, NJDOBI

Registered Mortgage Broker, NYS Banking Department

Licensed Mortgage Broker, FL Office of Financial Regulation

Company NMLS ID 51460; Personal NMLS ID 52474

Insurance Products Offered through TFS Insurance Agency, Inc.

TFS Securities, Inc. does not accept and can not act upon any time sensitive trading instructions through email and/or voice mail messages. This includes but is not limited to transaction orders, fund transfer instructions, etc.

Notice: All email and instant messages (including attachments) sent to or from TFS Securities, Inc. personnel may be retained, monitored and/or reviewed by TFS Securities, Inc. and its agents, or authorized law enforcement personnel, without further notice or consent.

This email and any files transmitted with it are confidential and intended solely for the use of the individual(s) to whom they are addressed. Any and all other distribution or copying of this communication are strictly prohibited. Please notify the sender immediately if this message is received in error.

No binding contract can be established by any e-mail exchange.  All contracts have to be approved by the President.

Advisors:  Click Here to Learn More About TFS!

 

Clients:  Click Here to learn about our exciting new Wealth Management Platform

 

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.

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’s NetXInvestor: Effective 02/28/2014

Effective 02/28/2014, all clients who have access to myedocumentsuite.com or NetXView will now be directed to Pershing’s new site www.NetXInvestor.com.

Pershing has combined all of the existing sites for a new consolidated investor experience.

One of the great features of the new site is the ability for clients to reset their passwords directly through a “forgot password” link.

Other updates include simplified screens, one-click access throughout the site and new search features within several screens.

Please encourage all of your clients to sign up for NetXInvestor as soon as possible to start taking advantage of this updated service!