Explanation of Questionnaires
New Account Questionnaire
This questionnaire should be used when opening the following account types:
- Individual
- Joint
- Custodian
- IRA
New Account Form Questionnaire for Benefit Plans, Trusts and Estates
Use this questionnaire when opening the following account types:
- Trusts
- Estates
- 401K Plans
- Profit Sharing Plans
- Pension Plans
- Successions
- Self Directed Profit Sharing
- Self Directed Pension Plan
New Account Form Questionnaire for Business Organizations
Use this questionnaire when opening the following account types:
- Sole Proprietorship
- Non-Profit
- Charitable Organization
- Unincorporated Association
- Partnership
- Limited Liability Corporation
- Government Agency
- Scholarship/Endowment Fund
- Education Institution
- Corporation
- Foundation
- Church
- Investment Club
General Questions
How long will it take to transfer my accounts?
The full transfer of assets in a customer account from one brokerage firm to another can take between 5 to 8 business days once an account has been submitted.
Do I have to fill out the entire Questionnaire?
You only have to fill out the highlighted parts. The FA is not allowed to take anything with him/her when leaving a firm so we have to get the information from you in order to open your accounts.
What do I need to fill out on the Customer Account Transfer Form?
You just need to sign and date the bottom of the form. Please make sure you send a copy of your most recent statement back with it as well. If you send your original statement we can make a copy and send it back to you.
If I have check writing on my account do I need to stop writing checks?
Once the transfer is submitted your account will be frozen so we will hold the transfer until your checks have cleared. If you will need access to your funds before the transfer process begins you should wire in at least $10,000 to Morgan Keegan. This will allow us to order checks and debit cards before we start the transfer process.
What is a MOR account and why would I need to fill out a MOR signature card?
A MOR account is Morgan Keegan’s asset management account. With a MOR account clients can choose from several different features. These features include checking, debit cards and ACH as well as a more enhanced statement. The MOR signature card is used in ordering checks and debit cards and to verify authorized account owner signatures.
