Opening New Accounts I

Patrice Konarik

Patrice M. Konarik, CFP is president and founder of Sunwest Training Corp. located near San Antonio, TX. She has over 25 years experience in the banking industry specializing in Deposit Accounts and IRAs, and is currently providing training in these areas for many organizations on a nationwide basis. Patrice earned her BS in Management from Binghamton University in New York and has been a Certified Financial Planner for over 20 years.

Thursday, September 2nd, 2010
10:00 am - 12:00 pm CT

2.5 CSOP, 2.50 CTFA Credits

"It's just a little new account job, right?" If that's the case, why do we feel like we are acting as "estate planners" instead of "account opening professionals"? The main reason is, in many states, the signature card and account agreement could possibly override formal documents created outside of the financial institution - for example, wills and trusts. It is imperative that we understand the consequences of "choosing" the correct ownership box to be consistent with the accountholder's wishes - especially at death. In this session, we cover the definition of the ownership boxes for consumer and trust accounts including: titles, ownership, TIN and authorized signers for that ownership and death payouts.

It is highly recommended you have a copy of your financial institution's account agreement nearby to follow along during the session.

This is Part 1 of a two-part series. The second session is being held on September 23. You can attend both sessions or just one.

Covered Topics:

Understanding Signature Card Contracts and Proper Account Opening Procedures for:

Individual and Single Party Accounts
Joint and Multiple Party Accounts with and without Right of Survivorship
Authorized Signers or Agents on Personal Accounts
Power of Attorneys - In House Form and Out of House Form
Trust accounts - Informal vs. Formal
Minor accounts - including the Uniform Transfer to Minors Act

Plus live question and answer sessions during this presentation.

Who Should Attend?

All customer contact personnel, supervisors and officers whose responsibilities include opening or managing the new account area. Excellent for supervisors or officers who have authority to "waive" documentation requirements. Internal Auditors and Compliance Officers will find the information exceptionally beneficial as well.

Sign Up!

6-Month OnDemand Weblink - $255: Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.
Audio CD and Hardcopy Handouts - $285: Audio CD plus Hardcopy Handouts. Does not include live session.