Account Opening Requirements: Rapid Fire

What this video covers

• The six non-negotiable items on every account record, and why the principal's acceptance signature does not discharge supervision
• The three reasonable-efforts items owed before the initial transaction settles, and the unrecommended open-end fund exemption
• How the six-year retention clock runs from the update or account closing, not from opening, and why internal reassignments reset it
• The institutional account definition by status or $50 million in total assets, and which three requirements get skipped
• Why price-or-time discretion over a chosen security and amount does not trigger discretionary-account paperwork
• The seven-point arbitration disclosure, the highlighted pointer above the signature line, and the 30-day unprompted versus 10-business-day on-request delivery rule
• The four Employee Retirement Income Security Act (ERISA) fiduciary duties, the 25% plan-assets test measured by equity class, and why government and church plans sit outside ERISA