Sample Letter To Your Financial Institution For Securities: Fill & Download for Free

Many of our clients at qplum work at financial institutions (banks, hedge funds etc) and face similarly strict compliance requirements.Working at a financial institution does not restrict you from opening a qplum account. We act as the financial advisor for your account and execute all the trades as per the agreed upon investment mandate.Since our clients don't have any discretionary trading authority in their qplum accounts, that helps in faster approval with compliance.We typically have our clients go through a 407 letter (sample here: https://s3.amazonaws.com/qplum-public/docs/qplum_Letter_407.pdf that helps streamline all the necessary reporting to their compliance dept directly and seamlessly.Once you complete the account opening process, you will receive the next steps for 407 letter processing. And, the employer will be receiving duplicate statements of all your account activity once the 407 letter is completed.You can also mention to your employer that this is an advisor managed account and you will not be placing trades in it directly.Providing them with this information will help in faster processing of this form.The brokers with whom we work may require additional paperwork in order to open your brokerage account and it may take a little extra time if your employer is not already familiar with qplum.In most cases, we simply have to provide duplicate statements to ‘interested parties' such as the compliance department at your employer to ensure that we are in compliance and there is full disclosure of activity in your account to them.If you or the compliance officer at your employer's firm has specific questions, we will be happy to address them. You can learn more about us here: Next-Gen Robo-Advisor that Invests with Algorithms and Data | qplumI hope this helps!PS: You can also watch this video that explains why it is easy and convenient to invest through qplum, if your employer does not allow you to invest in stocks directly.Disclaimer: All investments carry risk. This is not a solicitation to buy/sell securities. This is not an offer of personal financial advice or legal advice. Past results are not indicative of future performance.

I get odd threat calls where the message starts in the middle of a sentence. The chances are that it’s a scam. Then there are the ones who call and leave a message that I need to pay them. Oddly, they don’t send collection notices. No notice, no payment. If you are legitimate, it doesn’t take that much money to send out a legitimate notice.At one point, a former doctor of mine waited five or six years past my last appointment to have a collection notice sent to me. She never sent the last bill. Fortunately, I’d paid by credit card, and I’d had a credit card through my financial institution. They found the record of my payment, and I redacted everything that wasn’t pertinent to the payment. I mailed it under cover of a letter to her new manager.I told him that I’d paid her showed the documentation and indicated how dissatisfactory the last appointment was. I told him what her office had told me. Call and complain to her business office. I did that. I never got a bill for the 2 minutes she spent on me. I talked about their crappy and illegal business practices (once the bookkeeper sent every patient a second notice of payment due without sending out a first billing).I had several conversations with the business manager. I told him that for me to pay the money (the difference between what I’d paid initially, and what I hadn’t been billed for), I needed a copy of the bill. He said that it was in storage. I said, “Gee, that’s too bad. Without that bill—the one your office never sent me—I can’t pay you!” He called me back a few days later and said that they’d decided to eat the cost (not his exact words). I requested that they put it in writing. I hand-delivered a copy of the letter that stated that I owed nothing to the collection agency. The matter was settled.When possible, pay with plastic. Keep the receipt. Someone who claims that they sent you a bill should have to prove it, especially if their bookkeeper has pulled illegal stunts in the past. In my state, you can’t record a conversation without the consent of all parties. Make notes and keep documentation.It’s one thing if you owe money and haven’t paid it. It’s a different matter if someone claims that they sent don’t fall for you a bill that you never received. There was something suspicious about the whole thing.I don’t take threats well and have contacted my attorney general about some issues, the state insurance commissioner about illegal auto insurance practices, the FTC about some matters.I’ve had two hospitals try to commit fraud against me. In one case, I decided not to pay them. They had changed my records so that it looked like they were done taking a tissue sample before the anesthesia wore off. Then they tried to keep me from getting a second opinion at a closer hospital.In the other case, a billing employee lied about getting a check and was trying to make me pay the bill in full. My health insurance helped with that one.Don’t accept someone else’s word that you owe money if they are unwilling to provide you with documentation that you owe them money.Incidentally, if you get a call or email purportedly from the IRS, the Social Security Administration or the FBI warning you to be home at a certain time on a certain day so that they can arrest you, it is a scam! No LEO (law enforcement agency) is going to invite you to stay home at a certain time on a certain day so that they can come put you in handcuffs! Don’t fall for it!!

First of all, great decision! There are a few mandatory requirements to apply to the universities in the USA.Your GPA matters. A lot. Among all other criteria, this is the first thing the admissions council will look for in your profile. It is hard to secure admission from any of the top 100 universities with a low GPA (say, below 7), unless you have a great work experience relevant to the course you’re applying to, or excellent research work done.Next comes the infamous ‘GRE’ (Some universities in the USA do not require a GRE score, but it is recommended to boost your profile). To me, any score above 155 in each section is good. I was convinced, when I was preparing for this exam, that the Quants section would be a cake-walk, and did not spend much time preparing for it. Consequently, I got an average score in the Quants section. So, I would advise to pay less attention to the people who say that Asians are scholars in Math and GRE Quants is the easiest. You could be an exception like me.I am shamelessly proud of having secured an 8 in IELTS. This is one of the English proficiency tests, among TOEFL and others. It is mandatory to prove your proficiency in English for applying to universities in the USA (as far as I know, only Illinois Institute of Technology waives the TOEFL/IELTS requirement for Indian students).Have a paper or two published - it really gives you an edge over other applicants. Or do you have relevant work experience worth mentioning? Way to go!Required Documents:Start writing your Statement of Purpose as you prepare for GRE and TOEFL/IELTS. That is when you would be writing sample essay tests and learning new words, so it is best to work with the flow. Start with why you chose your field of study in under-graduate, how it stimulated you to get practical and do projects, your achievements, the thirst for pursuing a Master’s degree, and the reason for choosing that particular university. Keep away from the anything that is irrelevant to your course of study. You have a thing called Resume to include all the miscellaneous stuff in.Getting Letters of Recommendation from my professors was a big deal for me (You would require 3 letters at the maximum). First of all, many universities insist that your ‘Recommenders’ have official institutional/organizational e-mail IDs. I was from a not-so-grand college, so that one was out. Second, professors here would want us to write our own letters and they would only sign/send it to the university. This could be an advantage too - we are free to sing the praises of ourselves. I would advise to notify your recommenders about this, and most importantly, keep pestering them to send the LoRs as you apply to universities.Get your Transcripts from your UG university simultaneously. Have all the documents scanned and saved as PDF files.Phew! After all this, when you are waiting for a decision, get your financial documents prepared. I have heard that uploading Financial Proof while applying provides a better chance of admission, but it is probably not true. I did not do so.A valuable piece of suggestion - keep track of the universities you are applying to, the course, the documents you uploaded, the application fees you paid, your account’s username/password, the status of your application and decisions in an Excel/Google sheet. This would really save your time and would make you aware of what’s going on.Wishing you lots of luck!