![]() Investors should read the prospectus carefully before investing. Contact your financial organization for a prospectus. The prospectus contains this and other information about the investment company. Investors should consider the investment objectives, risks, charges and expenses of the investment company carefully before investing. Mutual funds may not be available in all jurisdictions. The option is also available for small business client SEP and SIMPLE IRAs. Low-Cost Mutual Fund Only OptionĪvailable exclusively to Pershing clients, our Mutual Fund Only Option for IRAs carries a low-cost annual maintenance fee. The account owner may establish a pre-set payment plan based on his or her needs. Pershing's Corestone ™ asset management accountĪutomated Required Minimum Distributions (RMDs)Īt the account owner's request, Pershing will automatically calculate the account owner's RMD amount on an annual basis. Account holders also can roll a SIMPLE IRA into a traditional IRA (tax-free) or Roth IRA (income tax due) after 2 years.That's why Pershing offers a wide range of options for IRA distributions, including: Your company has the choice of establishing the Electronic Funding Service, as discussed above, or using an external payroll service to manage and monitor the funding process on your behalf. Flexible Distribution OptionsĮach of your clients is unique. All SIMPLE IRA Plan contributions must be deposited electronically from your company’s bank account. Also, registered representatives can receive commission payments monthly instead of quarterly from select companies. That's because processing is automated for commission and 12b-1 payments for assets held on our platform. Our platform offers registered representatives the potential to earn income faster. By comparison, if you had invested in a taxable account, you would have to pay income tax on your earnings every year. ![]()
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