Now available: A new aggregation tool by E*Trade Advisor Services

Staying on top of your finances is the key to living your best life. But with pieces of your financial puzzle scattered in so many places, it can be difficult to see where you stand.

E*Trade’s new free aggregation tool, CompleteView, makes managing your Flexible Plan accounts easier. CompleteView allows you to get a more complete picture of all of your finances in one place.

You can access CompleteView the next time you log in to the Liberty platform after agreeing to the terms and conditions. If you have any questions, feel free to call our Client Services team at 800-347-3539.

E*Trade Advisor Services announces new name to account owners

Earlier this year TCA by E*Trade announced its new name E*Trade Advisor Services to registered investment advisors. The announcement will now be shared with account owners. An insert regarding the new name will be included with Q1 2019 account statements issued by E*Trade Advisor Services. A sample of the client communication is available here. The Liberty experience will remain the same for advisers and clients.

First-quarter statements

First-quarter account summaries and OnTarget statements are scheduled to be delivered soon. For those clients who have elected to receive our correspondence electronically, be sure to go to ontargetinvesting.com to verify that we have your current email address in our system. If you haven’t already done so, you can contact Client Services at 800-347-3539, ext. 1, to set up e-delivery.

Fusion Prime Longevity Fee Credit Program

Clients who maintained the minimum balance requirements and are invested in Fusion Prime will receive a 5% fee credit based on the quarterly gross fee of the Fusion Prime account. This fee credit will be paid in the form of a Visa gift card. Clients eligible for the Fusion Prime Longevity Fee Credit Program received a letter earlier this year advising them of their eligibility. Eligible clients must register at www.flexibleplan.com/fusionprime. The deadline to register for the first-quarter 2019 credit is April 12, 2019. The fee credit will be issued after the registration deadline.

Deadline for contribution to an IRA is approaching

Tax day is right around the corner! Don’t wait until the last minute to establish your new IRA or rollover accounts. Prior year contributions must be postmarked by April 15, 2019. New IRA or Roth IRA paperwork must be received in our office by April 12, 2019, to allow for processing time.

Transaction data for taxable accounts

Each year we get questions from reps and tax preparers about how to handle transaction data for taxable accounts. While Flexible Plan does not provide tax advice, the following procedural information may be useful.

To avoid having to enter each buy/sell transaction, you can use one of the following methods:

  • E*Trade Advisor Services integrates with Turbo Tax and H&R Block’s tax software, allowing you to download the data directly into the software program. E*Trade Advisor Services also provides the 1099-B tax data in CSV/spreadsheet format, which can be used with other software programs.
  • Totals can be entered on Schedule D, and a hard copy of the 1099-B data can be submitted separately from the electronically filed return. Totals entered using this method could be labeled “Per schedule submitted with Form 8453.” You would then submit an IRS Form 8453 with the 1099-B tax data to the following address:

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

Wash sales: Interest in the subject of wash sales and active management always spikes during tax season. Information about wash sales, their effects, and how to avoid them at Flexible Plan can be found here.

2018 tax forms

All account tax forms have been mailed and are available online through the E*Trade Advisor Service Liberty website.

Tax data for Turbo Tax and H&R Block

Tax data will be available for import into both Turbo Tax and H&R Block tax programs. Clients will need to establish a Liberty login and password before using the import process. Select “TCA by E*Trade” from the list of financial institutions and then authenticate your identity using your Liberty login and password. Online assistance is available through the Help Center services of both Turbo Tax and H&R Block. Note: This import process is not available on the free version of Turbo Tax.