ESI has added data feeds from the following firms to its list of available feeds through Star Compliance:
- Davenport and Company
- Kestra Investment Services
- Robinhood Financial
This brings the total number of available feeds from outside brokerage firms to 25.
which firms provide automated data feeds?
ESI has established electronic data feeds with several firms, allowing them to provide account information to Star Compliance on an automated basis. This allows for transactional and holdings history to automatically populate quarterly transactions and annual holdings reports, respectively, and you will be able to certify to your transactions and holdings via Star.
With the new additions, the list of established automated feeds includes:
- Ameriprise
- Charles Schwab
- Citi
- Commonwealth
- Davenport and Co.
- E*Trade
- Edward Jones
- Fidelity
- Interactive Brokers
- LPL Financial
- Kestra Investment Services
- Merrill Lynch
- Morgan Stanley Smith Barney
- NFS
- Options Xpress
- Prudential
- Raymond James
- Robinhood Financial
- Stifel Nicolaus
- T. Rowe Price
- TD Ameritrade
- UBS
- USAA
- Vanguard
- Wells Fargo
what if my brokerage firm is not listed above?
Not all brokerage firms allow for electronic data feeds. If you who hold accounts at firms other than those listed above, you have three options for reporting:
- Attach current statement(s) to your online Quarterly Transaction Report and Annual Holdings Report filings in Star and submit.
- Manually enter transactions and holdings information to your online Quarterly Transaction Report and Annual Holdings Report filings in Star and submit; or
- Move the account(s) to one of the firms listed above.
how do i add a new brokerage account?
If you are interested in opening a new brokerage account with an outside firm, you need to obtain approval from ESI Compliance before opening the account. Contact ESI Licensing for an authorization letter – commonly referred to as a “407 letter”. They will provide the authorization letter, which you should attach to your new account application for the holding firm.
Once you have opened the account, complete the Authorization to Provide Account Information (ES0641) form, and email it to ESICompliance@nationallife.com. If it’s feed-eligible, the Compliance department will work with the holding firm to add the account to ESI’s data feed. If the account is not feed-eligible, we will request they provide duplicate paper statements.
QUESTIONS
If you have questions about reportable brokerage accounts, transactions, or the process for obtaining approval for an outside account, contact Tom Longfellow at 802-229-7424 or tlongfellow@nationallife.com.
TC116291(0820)1