Syspurch Assessment

10 Questions | Total Attempts: 586

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Assessment Quizzes & Trivia

Questions and Answers
  • 1. 
    The following do not require the shareholder signature:**Check all that apply**
    • A. 

      Increasing amount

    • B. 

      Restarting/stop draft

    • C. 

      Changing date

    • D. 

      Decreasing amount

  • 2. 
    We require the signature of the shareholder in order to increase an amount? 
    • A. 

      True

    • B. 

      False

  • 3. 
    A request to establish a SYSPURCH on a zero balance fund is okay if the following items can be located in AWD or TA:**Check all that apply**
    • A. 

      Pending trade with incoming money

    • B. 

      Telephone Purchase-ACH

    • C. 

      GPURCH option on account

    • D. 

      TOP (transfer of assets) clone in AWD

  • 4. 
    We cannot setup SYSPURCH on the following:**Check all that apply**
    • A. 

      IRA or IRA Rollover accounts if the shareholder is over 70 1/2

    • B. 

      Roth accounts

    • C. 

      Non-Retirement accounts

    • D. 

      Matrix level 3 accounts

  • 5. 
    When stopping and moving a SYSPURCH monthly Indicators should be moved over to new fund/account?
    • A. 

      True

    • B. 

      False

  • 6. 
    When setting up a SYSPURCH for a MAP account we should place the systematic on which fund: 
  • 7. 
    In the following request the shareholder is asking to establish a SYSPURCH for a future date. What would be the best Start Date for this systematic? 
    • A. 

      5/1/20XX

    • B. 

      6/01/20XX

    • C. 

      6/30/20XX

    • D. 

      6/29/20XX

  • 8. 
    What is the minimum amount a SYSPURCH should be established for? 
    • A. 

      $25

    • B. 

      $150

    • C. 

      $50

    • D. 

      None of the above

  • 9. 
    When stopping and moving a Systematic Purchase, we are okay to grandfather amounts less than $50?
    • A. 

      True

    • B. 

      False

  • 10. 
    We are okay to take a starter check or deposit slip to add a bank to shareholder account?
    • A. 

      True

    • B. 

      False