Back to Building Your Business

2019 Tax Document Timeline

01 February 2019

Our custodians are working hard to get your tax documents out to your clients. Here is a timeline of when you can expect your clients to receive their tax documents:

Retirement Accounts:

Fidelity, TD Ameritrade and Schwab have issued all 5498’s and 1099-R’s for retirement accounts. If any of your clients did not receive a retirement document, you may obtain a copy from the custodian’s website. Or, you may request a copy of the document from your account manager.

Non-Retirement Brokerage Accounts:

1099 Consolidated Tax forms

Fidelity: Available online by February 16, 2019.
TD Ameritrade: Available online now.
Schwab: Available online by February 15, 2019.

Any paper tax documents will be mailed shortly after they are available online.

Please note that while the custodians try to avoid issuing corrected 1099’s, they are required to provide them if they receive updated information from issuers of securities held after the 1099 has been mailed. These will be issued if corrected information is received.

If any of your clients have not received their tax documents by February 28, 2019, please check the custodian’s website as all tax documents will be posted for advisors. Your account manager can also assist you with retrieving the documents, please call 307.673.5675.

Adding a Trusted Contact to Client Accounts

In order to comply with FINRA rule 4512 (Amendment to Customer Account Information), effective February 5, 2018, our custodians have begun requesting information for a trusted contact regarding your clients’ accounts.

A trusted contact is someone they authorize the custodian to contact if they are unable to get in touch with the client or if they detect signs of potential diminished capacity, financial exploration, abuse, or endangerment. The designated trusted contact will not have access to the account and is completely optional.

We recommend clients inform their trusted contact, so they’re prepared in the event a custodian needs to contact them. The trusted contact may be asked to share or validate information about account, such as whether another person or entity has legal authority to act on your behalf or helps with decision-making rights (e.g., a holder of power of attorney [POA], legal guardian or conservator, executor, or trustee). Once again, the trusted contacts will not have the ability to transact on the account(s).

To add a contact, the client will need to fill out and sign a Trusted Contact Authorization form. For your convenience, we have provided links to each of our custodian’s forms, below.

If you have any questions, please reach out to your account manager at  307.673.5675.


Building Your Business

Customer Service