We try to make it as painless as possible for clients to open new accounts. Here is a brief overview of the process:

  1. The client completes a Questionnaire and returns it to us (questionnaires are available in the Forms & Investor Relations menu under Forms) .
  2. We complete the paperwork shown below in blue shading and send it to the client for review and signatures.
  3. The client returns the signed paperwork, together with any additional required documents (as indicated in the unshaded boxes below) and funds the account (see below).

Individual Account Trust Conservatorship or Guardianship IRA Administrator or Executor
Items in blue will be provided to you by PIN. Items in white must be provided by you to PIN.
Brokerage Application Brokerage Application Brokerage Application IRA Application Brokerage Application
Signature Card Signature Card Signature Card Signature Card Signature Card
Management Agreement Management Agreement Management Agreement Management Agreement Management Agreement
Transfer of Assets (optional) Transfer of Assets (optional)  Transfer of Assets (optional)  Transfer of Assets (optional)  Transfer of Assets (optional)
Checkwriting (optional) Checkwriting (optional) Checkwriting (optional) Checkwriting (optional)
Trustee Certification of Investment Powers (TCIP) Court appointment stamped within the last 60 days Certified copy of death certificate
Trust document Court appointment stamped within the last 60 days
 Court Approval to Invest (Special Needs Trusts) Affidavit of Domicile and Letters Testamentary  (Executor only)

There are 3 ways to fund an account.

  1. Checks: Make checks payable to “National Financial Services” – we also recommend that the client write the account number (that we will provide you) on the memo line.
  2. Wire transfer:  Contact us for routing instructions.
  3. Direct transfer of assets/cash from another account: Complete a Transfer of Asset (TOA) form and include a recent statement.

There are 4 ways to withdraw funds from an account. Please note that most funds have a one- or three-day settlement period, so if trades must be placed in advance of a withdrawal, plan accordingly.

  1. We can send a check: No charge for regular mail; $15 for overnight mail
  2. Clients can write a check (checks and check writing privileges may be requested at the time the account is opened). Please contact us first to make sure the funds are available.
  3. Wire Transfer: There is a $15 fee associated with outgoing wire transfers (banks may charge an additional fee).
  4. Electronic Funds Transfer: There is a one-time, ten-day setup period, but thereafter the funds will transfer within a day and there is no charge.