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FISN DIVISION IRA'S

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Introduction

The FISN Division offers IRA accounts through its broker dealer, Landolt Securites, Inc. IRA accounts can hold Certificates of Deposit (CDs) and most other securities sold by the broker dealer. Accounts can be opened either by completing the forms available here online and mailing them to the FISN Division of Landolt Securities, Inc., or, by calling the FISN Division at 800-351-4494 to request an IRA application package.

FISN IRA Accounts

Landolt Securites, Inc. is a registered broker dealer. It uses "The Premier Select IRA" program developed by its back-office clearing firm, National Financial Services LLC (NFS). NFS is under contract to process securities and cash transactions, hold all investments and cash, and prepare all statements including confirmations and monthly statements. NFS is a Boston based, Fidelity Investments company. NFS developed "The Premier Select IRA" program to handle all types of IRA plans including Traditional, Rollover, Roth and Beneficiary Designation Accounts. NFS has appointed Fidelity Management TrustCompany as the bank custodian of all IRA assets.

How To Get Started  

  1. To begin, read the IRA Application Instructions. It is only 3 pages. Please, read it carefully.  

  2. If you have any questions remaining, consult The Premier Select Brochures for the type of account you wish to open: Traditional IRA/Roth IRA,  Rollover IRA  &  SEP-IRA Plan, plus the Custodial Agreement and Disclosure Statements. You will find everything you would need to know about the FISN Division IRAs including the Traditional and Roth IRAs in these brochures. For further information, call your representative at the FISN Division of Landolt Securities, Inc. for the answer. 

  3. Complete The Premier Select application, the same application is used for all IRA types: Traditional, Roth, Rollover and inherited (BDA) IRAs.  Answer all the questions carefully, particularly when designating Beneficiaries.

    The Core Money Market fund is the Fidelity Cash Management Funds - Daily Money Fund (FDAXX). The Prospectus is viewable online. We urge all investors to read the prospectus. We remind investors that an investment in the Fund is not insured by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at  $ 1.00 per share, it is possible to lose money by investing in the Fund.

    Print, sign and date the IRA Application on page 6 of the application. The application can be filled out online or printed and filled out with a pen after printing. Be sure to sign and date the application on page 6.

  4. Distributions are optional if you are 59 ½ or older and mandatory by April 1st in the year after your 70th & half birthday. Complete The Premier Select One-Time IRA Distribution Request form if necessary. 

  5. Cash contributions to IRAs are made by check only. We do not accept currency. Make the check payable to National Financial Services LLC or simply, NFS. Please indicate on the check the year for which the contribution should be credited.

  6. Asset transfers to IRAs can be made from one institution to another by a “Trustee to Trustee” transfer. Complete the Account Transfer form - Transfer of Assets, sign and date it and return it along with a copy of the most recent IRA account statement from the firm you are leaving. 

  7. Mail to:  

    • The FISN Division of Landolt Securities, Inc. 
      Attn: IRA Department
      4720 Montgomery Lane, Suite 210
      Bethesda, MD 20814

  8. Call the FISN Division at 800-351-4494 to let us know the application is coming; we will let you know when it arrives. Once everything is in order and the funding has been received, we will discuss your investment needs once more and begin the process of investment. You will receive monthly statements from National Financial Services and trade confirmations will be sent after each transaction.

    1-800-351-4494

    All standard Premier Select IRA forms and instruction guides are listed below for reference and future use.

Link to IRA Forms page

Customer Identification Program (CIP) Notice
Important Information About Procedures for Opening a New Account

“To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.”

Some forms are in Adobe Acrobat format (pdf).
Download the latest version here.