Week In Review
The S&P closed over 5,000 and the Dow Jones just short of 40,000. Annex Wealth Management’s Dave Spano and Brian Jacobsen discuss what’s driving them.
A Message Regarding Fidelity Statements
Update your Fidelity Account Statement and Trade Confirmation Delivery Preference
You currently have one or more Financial Accounts custodied at Fidelity Institutional, managed by Annex Wealth Management.
When you opened your accounts, or at some point after, you elected to receive your monthly statements and / or trade confirmations from Fidelity via USPS in paper form.
Fidelity offers online account access 24/7 with easy visibility and notification of online document availability. There are several reasons to change your statement and confirmation delivery preference to online viewing:
- Fidelity.com offers secure, safe access to your account balances and documents (statements, tax documents, trade confirmations) on an on-demand basis, making viewing your account information easier and through a trusted encrypted partner.
- You may receive reduced fees through Fidelity by utilizing their online statement and confirmation notification and delivery system rather than receiving documents via USPS and paper. Transaction fees at Fidelity are determined and assessed by Fidelity, not Annex Wealth Management.
To change your Fidelity statement and confirmation delivery preference to online, please login to Fidelity and update your preferences. For additional assistance, please contact your Wealth Manager or Client Service Manager.
Messages Regarding Schwab & TD Ameritrade Statements
You may lose your paperless statement delivery at Schwab!
When Schwab and TD Ameritrade merged in September 2023, Schwab honored paperless statement delivery (e-delivery) for clients without creating their online Schwab Alliance credentials.
Stay paperless! To keep your paperless preferences at Schwab you must create your Schwab Alliance credentials before March 27, 2024.
Recently Schwab sent emails to all clients who selected paperless delivery but have not yet created a login on Schwab Alliance. Please follow Schwab’s easy and secure instructions to establish your credentials and retain your paperless delivery options prior to March 27.
Please reach out to your Wealth Manager or Client Service Manager with questions.
TD Ameritrade and Charles Schwab Tax Documents
It’s Tax Season! Right now you’re probably starting to look for your tax documents as they arrive throughout the winter and early spring. If you had an account/s at TD Ameritrade (now Charles Schwab) please take special note!
If you had activity in your accounts at both TD Ameritrade and Schwab, you will receive two sets of tax documents for year 2023, one set from TD Ameritrade and one set from Schwab.
If you have a retirement account, you will receive a 1099R for distributions from both custodians (if applicable).
TD Ameritrade and Schwab tax documents will arrive on different schedules and should not be expected to arrive together.
You can access past TD Ameritrade tax documents through your online access on Schwab Alliance. Schwab will have 7 years of tax documents available to view on Schwab Alliance using your Schwab credentials.
Please reach out to your Wealth Manager or Client Service Manager with questions.
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