Asset Movement Authorization
Asset Movement Authorization (AMA) represents the level of authorization the account holder has given to your firm to initiate certain types of Premiere Select IRA distributions and ROTH conversions on the account holder's behalf without further paperwork requirements by National Financial Services LLC (NFS).
| Level |
Description |
| N/A |
No standing authorization on file; distribution paperwork is always required. |
| 0 |
Standing IRA Distribution Authorization was removed from the account. |
| 1 |
- Disbursement checks are made payable to the account holder and sent to the account holder's address of record.
- Transfer cash or securities from the account holder's IRA to accounts with the same registration and accounts owned individually by the account holder that are maintained at the broker-dealer (includes IRA to IRA transfers that are not reported for tax purposes and distributions from IRAs to nonretirement accounts owned individually by the account holder).
- Disburse funds electronically including by bank wire, EFT, ACH, and any other means available, according to written standing instructions from the account holder.
- Transfer cash or securities from the account holder's IRA to accounts not owned individually by the account holder that are maintained at the broker-dealer, according to written standing instructions from the account holder (includes distributions from IRAs to nonretirement accounts not owned individually by the account holder).
|
| 2 |
Level 1 plus the authority to disburse funds by bank wire to any account with the same registration and accounts owned individually by the account holder that are maintained at a receiving bank or financial institution, without standing instructions from the account holder. |
735761.4.0