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CUSTODIAL UPDATES

FIDELITY UPDATE

Journal Changes

Fidelity has updated current standing instructions for journals to 1st or 3rd party based on new rules. Important Notices: 18-262 and 18-291 break down the new journal 1st and 3rd party rules.

A couple of things to remember:

  1. Fidelity will be systematically updating the existing instructions to either 1st or 3rd.
  2. If an account’s registration is changed (i.e.. Individual account moving to Joint) then there will be a freeze placed on the journal instructions. Fidelity will review the instructions and either re-approve or send a NIGO to AEWM.

 

Remote Check Deposit

As a reminder, AEWM is currently set up with Remote Check Deposit at Fidelity. This entitlement includes mobile check deposit of up to $500,000 per account per day.

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

615994 - For investment professional use only.

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