Custodial Transition of Your JFG Wealth Account
Sent on December 20, 2021
As noted in our communication last month, we are excited about our new strategic relationship with BNY Mellon | Pershing. We are confident they will help us continue delivering the highest level of service and expertise to you.
Below are additional details for several key benefits of the transition that you may appreciate:
No transaction fees
With the transition to BNY Mellon | Pershing, you will no longer be charged transaction fees.
Greater ability to support complex planning needs with expanded investment options
Greater ability to support complex planning needs with expanded investment options
We will be able to better support more complex planning needs with an expanded offering of Mutual Funds, ETFs and Donor Advised Funds (DAFs). A DAF is a simple, tax-smart solution for charitable giving.
Easy to understand statements and transaction reports
Our statements and transaction reports will look more consistent with our website and provide additional clarity on your account information.
Transition Timeline
The transition is currently planned for April 2022. Below are several upcoming key milestones for the transition:
The transition is currently planned for April 2022. Below are several upcoming key milestones for the transition:
Week of January 21, 2022
We will communicate instructions to sign new custody account agreements and transition paperwork.
Week of April 11, 2022
We will begin transitioning assets to BNY Mellon | Pershing. More information on what that means for accessing your accounts during the transition will be forthcoming in future communications.
What You Need To Do
No action is required by you at this time. The week of January 21, 2022, we will help guide you through the primarily electronic process of completing custody account agreements and paperwork as part of the transition process.
We will continue to communicate over the coming months to ensure a smooth transition with as minimal disruption as possible.
This holiday season we're grateful for your continued business and trust. From our family to yours, happy holidays! As always, please reach out to us should you have any questions or concerns.
No action is required by you at this time. The week of January 21, 2022, we will help guide you through the primarily electronic process of completing custody account agreements and paperwork as part of the transition process.
We will continue to communicate over the coming months to ensure a smooth transition with as minimal disruption as possible.
This holiday season we're grateful for your continued business and trust. From our family to yours, happy holidays! As always, please reach out to us should you have any questions or concerns.