Wfcs Ira Disclosure Statement And Custodial Agreement

The first part of each document contains the disclosure statement required by the Internal Revenue Service for the type of account listed below. This information will explain the basic rules and tax considerations that you need to understand when you adopt the IRA and/or ESA coverdell. The second part of the document contains the conservatory custody agreement. Use the links below to view the disclosure statement and the deposit agreement for the type of account involved. Wells Fargo Advisors customers can find information and disclosures about its cash sweep program on Our cash sweep program allows clients to earn a return on un invested cash funds by automatically “sweeping” cash funds into a scanning vehicle until these funds are invested or otherwise used to meet account obligations. Wells Fargo Clearing Services, LLC (WFCS) is a non-bank subsidiary of Wells Fargo and Company. Wells Fargo Asset Management is a business name used by Wells Fargo`s asset management business. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo and Company, provides investment advisory and management services for Wells Fargo Funds. Other wells Fargo-Company subsidiaries provide sub-advisory and other fund services.

The funds are distributed by distributor Wells Fargo Funds, LLC, a FINRA member, a subsidiary of Wells Fargo and Company. WFCS may receive compensation and indirect benefits from Wells Fargo Funds Management, LLC, Wells Fargo Funds and other Wells Fargo subsidiaries. Check out wells Fargo Bank`s traditional IRA Deposit Agreement and Disclosure (PDF). Keep in mind that as a general rule, you owe a regular income tax for every amount deducted from your TRADITIONAL IRA. The authorization depends on the nature of the investment account and the type of account holding. Yields represent the performance of the past. The performance of the past is not a guarantee of future results. The current power may be less or greater than the power above.

Yields will fluctuate if market conditions change. . Even if your contribution is not deductible, a contribution to a traditional IRA remains a good way to exploit the potential for tax-friendly growth. The following scanning option is available for accounts that are not eligible for the bank sweep (. B, for example, public accounts, insurance companies, banks and credit unions). The Standard Bank Deposit Sweep consists of paid deposit accounts in two or more program banks associated with WFCS, LLC (“Affiliated Banks”). The expansion bank`s sweep consists of interest deposits in up to five banks, including affiliated and unaffiliated banks. The performance of each posted scanning option varies over time and may be lower than the interest rates available to customers who provide direct payments to related banks or other banks, or by investing directly in other money funds that are not offered through the scanning program. The set is graduated based on the type of account and the total value of your account (s).

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