Estate planning at Osaic

Contact your Osaic-affiliated financial advisor. Your advisor will provide the appropriate beneficiary designation or TOD form from the clearing firm (BNY Pershing or NFS) where your account is custodied. Complete the form with beneficiary names, dates of birth, SSNs, and allocation percentages, then return it to your advisor for submission. Osaic cannot respond to client inquiries through email.

Nevada has no state income tax, strong asset protection laws (with a 2-year waiting period), and allows dynasty trusts up to 365 years. Premier Trust, an Osaic subsidiary founded in 2001, exclusively administers trusts and does not manage investments, allowing your financial advisor to retain the client relationship. A dedicated Trust Administrator is assigned to each account. Premier Trust also offers NINGs (Nevada Incomplete Gift Non-Grantor Trusts) for state income tax mitigation and BDITs (Beneficiary Defective Inheritor's Trusts). $500,000 minimum in assets required.

Premier Trust administers self-directed Traditional, Roth, and SEP IRAs that allow alternative investments such as real estate, notes, and private placements. Annual fair market valuations are required for non-traditional assets by December 31 each year. IRS rules prohibit holding collectibles, non-bullion metals, gems, stamps, most coins, and alcoholic beverages in an IRA. Transactions must be at arm's length and not involve the IRA owner or family members to avoid prohibited transactions.

Brokerage accounts established through Osaic-affiliated advisors are cleared and custodied at either BNY Pershing or National Financial Services LLC (NFS, a Fidelity subsidiary). Osaic extended its 35+ year relationship with BNY Pershing and is consolidating nearly $200 billion in assets under custody with Pershing. Advisory accounts (Counsel and Ally programs) utilize Charles Schwab Advisor Services and Fidelity Clearing & Custody Solutions as custodial partners. Your account statements come from the respective clearing or custodial firm.

Usually yes for the transfer step. Osaic accounts clear and custody at BNY Pershing or National Financial Services (NFS), and the decedent-account transfer or re-registration paperwork those clearing firms use commonly requires a Medallion Signature Guarantee on the beneficiary or estate instruction. A Medallion Signature Guarantee is stronger than a notarization and must be obtained from a bank or brokerage participating in the Medallion program; a notary cannot provide it. Your Osaic-affiliated advisor issues the correct clearing-firm form and identifies whether a Medallion stamp is needed for your account type.