New regulations now mandate a letter be sent to us all reminding us that we have SLOA’s or Standing Letters of Authorizations on File!
The SLOA –
On Friday March 15th, 2019 reminder letters were mailed to us all for any standing instructions for linked accounts – Almost all of us have a linked account from our Investment to a checking, savings, working cash account of some type. So expect a letter stating such!
Due to new regulations – for all of our collective safety, this letter is now mandated as a reminder that we have these linked accounts.
Also, partially due to new regulations, if we have a linked account that is not used for two consecutive years — just like frequent flyer miles, they will go away!!
Have a Great “Ready for SLOA Letter” Day!
John A. Kvale CFA, CFP