Advanced Operations Day 1

1. The Member must provide legal documents prior to opening which types of fiduciary accounts. Select all that apply.

2.To open a Fiduciary account, the person serving in the fiduciary capacity needs to be eligible for Membership.

3.Which types of fiduciary accounts are designed to benefit a minor? Select all that apply

4.Which script is used to view signature cards and legal documents on an existing fiduciary account?

5.Where would you look to review the rules or restrictions specific to each type of fiduciary account? Select all that apply.

6.What is the best way to open a new fiduciary account or make changes to an existing one?

7. After determining the eligibility of the minor for an UTMA/CUTMA, you should warm transfer custodian to which department?