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.

Audited Performance? Most TAMPs aren’t!

audit image 2Did you know?

  • The Buy/Hold Plus performance figures are the returns actually experienced by our clients AFTER ALL FEES.
  • Check your Performance Statements from your current managed account program.  Most TFS used Managed Account Programs have unaudited, before fees, non-client correlated performance.
  • Much time, effort and expense is spent to have our performance audited.
  • The Buy/Hold Plus 2015 Independent Accountant’s Report ending 2015 can now be found on our website.

Is Your Managed Account Performance Audited?  Most are not.                                                         What are you portraying to your clients?

 

Buy/Hold Plus Fund Changes!

Our Quarterly Fund Replacement Review has been performed. In keeping with the program’s goal of maintaining only the highest quality funds in the investment portfolio, the following changes have been implemented:  (more…)

Suspension Lifted on Sales of Carter Validus Mission Critical REIT II and Sierra Income Fund

Dear Friends,

Back on November 16, 2015, in the wake of an ever expanding wave of regulatory scrutiny surrounding American Realty Capital and its founder Nicholas Schorsch, TFS Securities, Inc. decided unilaterally to suspend sales in in Carter Validus Mission Critical REIT II and the Sierra Income Fund.  These products were distributed by SC Distributors, who had been previously acquired by the ARC  / RCS companies.

Since that time, the majority of their original investors and board members of SC Distributors came together , to “repurchase” the firm from RCS.  Since that time, we have watch the operations and transition very carefully, and feel comfortable that things are back to “business as usual” with SC Distributors.

Consequently, effective immediately, TFS Securities, Inc. hereby lifts this previous suspension, and re-establishes our selling agreement for the distribution of these products.  Appropriately licensed advisors can begin to discuss this products, where appropriate, with suitable and qualified investors.

Please be advised that all current forms and paperwork must be utilized in consummating the sale, and no subscriptions will be accepted with paperwork dated before May 9, 2016.

Any questions can be directed to Thomas P. Hyland, President at tphyland@tfsweb.com

 

Respectfully,

 

Thomas P. Hyland
President

TFS WMT LOGO
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

Licensed by the Pennsylvania Department of Banking, Loan Correspondent

 

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
437 Newman Springs Road
Lincroft, NJ 07738
732-758-9300 Extension 145
800-833-1862 Extension 145
732-576-4501 FAX
TPHyland@tfsweb.com

 

 

 

TFS Insurance Advisor – March 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

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.

2016 TFS Corporate Events Schecule

2016 Corporate Events Schedule_001