SLOA – Standing Letter of Authorization Mailing Heads Up Reminder (Clients)

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 –writing-1149962__480

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

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

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