2.1. Account set up • Process the initial paperwork for each account; establish a brokerage account; set up regularly scheduled withdrawals when requested; make changes to withdrawal schedules when needed; provide special draws when needed without penalty; acquire values for stocks and bonds for yearend accountings; facilitate the transfers of accounts from other firms and consolidate them into the brokerage account; • Provide customized reports when requested, including court accounting; date of death, and tax reports; and process the necessary paperwork to close an account when instructed. • Accept all investments, regardless of the dollar amount or asset type. • Provie a competitive rate of return commensurate with appropriate risk and suitability. • Liquidate account if the account value falls under $100, 000 at the request of the ADS. 2.2. Provide independent broker advice • Provide independent broker advice not limited to any parent company, with a wide range of investment options including flexibility for withdrawals, and no sales or purchase commissions to the client or estate. 2.3. Cost basis • Provide information on cost basis of assets for income tax purposes on behalf of Aging and Disability Services (ADS) Estate Management accounts Provide information on the cost basis of transferred assets for income tax purposes. 2.4. Consultation on selected cases • Provide, at no additional cost, consultation on selected cases as part of the Estate Plan and for tax consequences. These selected cases would be other Public Guardian clients or Public Administrator estates where accounts are not set up with the contractor.
