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WorksheetsAssante Foundations Review for Final Exam
Total questions: 33
Worksheet time: 33mins
How does an advisor request the DRIP Enrollment form?
NBCN -> NetRep
Assante Insider -> Securities
AANet -> Securities Processing
AANet -> Documents
The amount of accounts on 1 NAAF is based on...
Residence
Ownership
Administration
Registered vs. Non-registered accounts
Where can you find the PAC and SWP run dates?
AANet - Advisor Zone - Systematic Plans
Processing department
Assante Insider - Ops&Admin - Systematic Plans
The advisor chooses the run dates
How much commission does the branch receive?
15%
5%
10%
$10
How much commission does Assante receive?
50% of advisor's commission
Shares with BM/BO's 10%
20%
Remainder after advisor and BM/BO are paid out
What additional amount does Assante add to the advisor's commission but won't be paid to them?
Trustee fees from registered accounts
Transfer fees (full and partial)
Fee Based fees
Fees for additional accounts added
How can you find the Cannex rates?
Assante Insider -> GIC
AANet -> GICs -> 9721/7646 Platforms
Cannex.com
Processing team
Shafreen from the Toronto branch can't see her client's segregated funds account. You say?
Only the client can see these accounts
She has to call AEIS for this information
Seg funds and MFs aren't reported together - use 3342 creds
She has to retrieve this information in Navigator
What systems do advisors use to place Securities trades?
ISM
R-Broker
InvestorPOS
ActionPro
How many FBAs are available for fee-based accounts?
3
1
4
2
How can you tell if an account is in the Fee-based program?
Documents tab
Notes tab
Investments tab
Restrictions tab
When do clients recieve activity reports on a Client-Held RRSP?
Every hour
Every quarter
Every year
Every month
What is the Settle Source for a trade with the money is coming from B2B's Demand?
Client
Dealer
Cannot be processed
Intermediary
When do restrictions get placed back into the plan if we don't get the necessary documents?
The next business day
4pm - when markets close
5pm - at the end of the work day for Ops
Right after they place the trade
Where can you find the AMP and MAP on R-Broker?
Benefits tab/SWP details
Benefits tab/PAC details
Demand
Transaction Details
Where can you find the WHT calculator on AANet?
Operations and Administration -> 9721/7646 Procedures
Operations and Administration -> Box on the right side
Systems & Techonology -> Calculator
Compliance -> ACM AFM Calculator
Kylian Mbappe asks what docs he needs for his client investing in Apple stock in his TFSA account. Cdn only client.
W9
W-8IMY
LOD with client signature
W-8BEN
What does BDA stand for?
Bad Debt Acquired
Bad Debt Account
Bank Debit Acknowledgement
Bank Debt Account
Becky needs to know where to send the BDA request. What do you tell her?
service@assante.com
aasprocessing@assante.com
asacctupdate@assante.com
aastrustaccounting@assante.com
How can a same-day trade be cancelled at 3:30pm?
The FSR can cancel in Action PRO
The Branch can cancel in Action PRO
Must email Account Updates
The Branch can cancel in R-Broker
Where can you find the status for a Pending Transfer?
Transfers Team only
Pending Transfers
Transfer Tracking, ATON, R-Broker/ActionPro, Transfers Team
Plan Notes
Advisor calls to transfer assets from his client's non-reg. The client would like to "gift" a fund in kind to a church and wonders if this will trigger a capital gain or loss. What would you do/say?
Check the capital gain/loss cheat sheet - Market - crystallization
Check the capital gain/loss cheat sheet - Cost -- no crystallization
Check crystallization cheat sheet - Market- crystallization
Check crystallization cheat sheet - Cost -no crystallization
If a trade is entered as "Wire to Fundserv", this means that:
Trade is electronic (FundSERV), no documents sent, EFT $.
Trade is manual, and all required documents are sent to H/O.
Trade is ineligible.
Trade is electronic. Cheque will be produced.
Where would you direct a commission inquiry for Insurance Products that you need help with?
aastrustaccounting@assante.com
service@assante.com
aasprocessing@assante.com
naaf@assante.com
The account set up documents for a Fee-Based account (RRSP) are:
NAAF only
NAAF, SD Reg app., FBA
NAAF and FBA
FBA only
What does Assante charge for a full transfer out?
$135 plus applicable tax
$125 plus applicable tax
Always $141.25
$130 plus applicable tax
What are the 2 new reports for CRM 2?
Fees and Commission, Investment Report
Charges and Compensation, Investment Summary
Charges and Compensation, Investment Performance
Fees and Rewards, Investment Breakdown
A client calls to ask what his fee rate is for his FB account. You say...
Go to plan notes for FB set-up and provide fee rate
Go to Pure Fees and provide fee rate
You will need to contact your advisor for this info.
If you invest more than 1.5 million, it's 0.5%
3. What is the cut off time for GIC purchase requests?
2:00PM
2:45PM
1:00PM
1:30PM
The system used to view the advisor's commission statement is....
ICM
R-Broker
AADB - Rep Database
InvestorPOSThis is a wrong answer
A branch calls to ask when the client should expect their client statements issued by Assante.
Assume it's annually - it's a safe bet
Check the Assante Statement Matrix on AANet - it's quarterly
Check with Reinald - he has all the answers
Check Assante Insider> Ops and Admin> Client statements
9721 A. Joe calls to say he gets an error when submitting a Buy for a MF & a Buy for CIX stock
Tell him to try again on Chrome
Mutual funds and securities can't be bundled together
Joe isn't licensed to sell securities
There's no such thing as a CIX stock
FSR must send the completed Cheque STOP/VOID Request Form to....
aasprocessing@assante.com
aas-trustaccounting@assante.com
asacctupdate@assante.com
dealer_support@assante.com
