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CUSTODIAL UPDATES

FIDELITY

Wealthscape Remote Check Deposit

The Wealthscape InvestorSM Mobile app, available for iPhone®, iPad®, and Android devices, allows you to quickly and easily deposit checks directly into your client’s account.

  • Avoids processing delays and overnight costs
  • RCD has been activated for all AEWM Fidelity users

CLICK HERE for important notes and instructions.

FDIC Announcement

We are implementing a change to the default core account for clients’ cash at Fidelity. The new default will be the Fidelity Bank Deposit Cash Sweep Program option. The core transaction account is used by Fidelity for processing cash transactions and for holding uninvested cash related to the account. Fidelity will be sending out a letter to your clients in the upcoming weeks.

  • The Bank Deposit Cash Sweep Program will allow your uninvested funds to be protected by FDIC insurance.
  • Funds will be transitioned automatically at no cost to the advisor/client.
  • This change is completely optional.

CLICK HERE to view a sample of the communication

that will be sent.

As always, please reach out to your AE Wealth Support team at 866.363.9595 for further details.

AW04180102 - For investment professional use only.

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