Patrice Konarik
Patrice M. Konarik, CFP® is president and founder of
Sunwest Training Corp. located near San Antonio, Texas. She has over 25 years
experience in the banking industry specializing in Deposit Accounts and IRAs,
and is currently providing training in these areas on a nationwide basis.
Patrice earned her BS in Management from Binghamton University in New York and
has been a Certified Financial Planner™ for 20 years.
Thursday, September 2nd, 2010
10:00 am - 12:00 pm
CST
The Institute of Certified Bankers (ICB) is dedicated
to promoting the highest standards of performance and ethics within the
financial services industry. The Opening New Accounts I has been approved for
2.50 CSOP, 2.50 CTFA credits. CTFA credits should be distributed as follows:
2.50 FID. This statement should not be viewed as an endorsement of this program
or its sponsor.
"It's just a little new account job, right?" If that's the case, why do we
feel like we are acting as "estate planners" instead of "account opening
professionals"? The main reason is, in many states, the signature card and
account agreement could possibly override formal documents created outside of
the financial institution - for example, wills and trusts. It is imperative that
we understand the consequences of "choosing" the correct ownership box to be
consistent with the accountholder's wishes - especially at death. In this
session, we cover the definition of the ownership boxes for consumer and trust
accounts including: titles, ownership, TIN and authorized signers for that
ownership and death payouts.
It is highly recommended you have a copy of your financial institution's
account agreement nearby to follow along during the session.
This is Part 1 of a two-part series. The second session is being held on
September 23. You can attend both sessions or just one.
Covered Topics:
Understanding Signature Card Contracts and Proper
Account Opening Procedures for:
- Individual and Single Party Accounts
- Joint and Multiple Party Accounts with and without Right of
Survivorship
- Authorized Signers or Agents on Personal Accounts
- Power of Attorneys - In House Form and Out of House Form
- Trust accounts - Informal vs. Formal
- Minor accounts - including the Uniform Transfer to Minors Act
Plus live question and answer sessions during this presentation.
Who Should Attend?
All customer contact personnel, supervisors and
officers whose responsibilities include opening or managing the new account
area. Excellent for supervisors or officers who have authority to "waive"
documentation requirements. Internal Auditors and Compliance Officers will find
the information exceptionally beneficial as well.