IRA's:
Link
to IRA Forms page
Introduction
FISN offers IRA accounts through its broker dealer,
First Internet Securities Network. IRA's can hold Certificates of Deposit
(CD) and most other securities sold by the broker dealer. Accounts can
be opened either by completing the forms available here online and mailing
them to FISN, or, by calling FISN at 800-351-4494 to request an IRA application
package.
FISN IRA Accounts
First Internet Securities Network (FISN) is a registered
broker dealer. It uses the Premier Select IRA program developed by
its back-office clearing firm, National Financial Services LLC (NFS), who is under contract to process securities and cash transactions,
hold all investments and prepare all statements including confirmations
and monthly statements. NFS is a Boston based Fidelity InvestmentsJ company.
NFS developed The Premier Select program to handle all types of IRAs. NFS has appointed Fidelity Management Trust Company as the bank custodian
of all IRA assets.
Customer
Identification Program (CIP) Notice
Important Information About
Procedures for Opening a New Account
“To help the government
fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information
that identifies each person who opens an account.
What this means for you: When you open an account, we will ask you for your
name, address, date of birth and other information that will allow us to
identify you. We may also ask to see your driver’s license or other identifying
documents.”
How To Get Started
1. To begin, read the
IRA
Application instructions.
It is only 3 pages. Read it entirely.
2. If there any detailed questions remaining, consult the Premier Select
Brochures for
Traditional IRA/Roth IRA,
Rollover IRA &
SEP-IRA Plan. These documents contain everything you would need to know about IRAs and
Roth IRAs including the
Custodial Agreements and Disclosure Statements.
3. Complete
The Premier Select application
for all types of IRAs. You must be sure to complete the IRA Beneficiary Designation section. Answer all the questions carefully, particularly when designating Beneficiaries. Select a core Money Market
Fund. We suggest the Fidelity Cash Management Funds - Daily Money Fund (FDAX). The
Prospectus is enclosed. Sign the IRA Application on page
6.
4. Distributions are optional if you are 59 ½ and
mandatory by April 1st in the year after your 70th birthday.
Complete the
IRA Distribution form if necessary.
5. Cash contributions to IRAs are made by check. Make the
check payable to National Financial Services or simply, NFS.
6.
Asset transfers to
IRAs are made by “Trustee to Trustee” transfer. Complete the
Account Transfer Form-TOA, sign it and return it along with a copy of the
your most recent account statement issued by the firm you are transferring from.
7. Mail to:
First Internet Securities Network
Attn: IRA Department
4800 Montgomery Lane, Suite 880
Bethesda, MD 20814
8. Call to tell us
the application is coming. We will let you know when it arrives. Once everything
is in order we will discuss your investment needs. A confirmation is sent
after each transaction.
All IRA Forms
All standard Premier Select IRA forms and instruction
guides are listed below for reference and future use when necessary.
|
