In an effort to reduce the number and complexity of forms, ESI has revised the Entity Profile (EP) to include the relevant signing authority points from the Trustee Certification of Investment Powers for Direct Business (TCIP DB).
Consequently, the TCIP DB will no longer be used for trust or qualified plan business. Only the EP will be required to establish Authorized Persons/Trustees signing authority for the above request types.
As a reminder, ESI Direct Business does not require a Trust Document for Trust Clients or Qualified Plan Adoption Agreement for Qualified Plan Clients.
The TCIP DB will remain in use only for the Balanced Opportunities Program. Note that if the Entity Client is a Corporation, Partnership, Unincorporated Organization or Charitable Organization, ESI will require additional documents to prove signing authority (but will still not require the TCIP DB). The revised EP will go into effect on 01/14/2022, in both Merrill Forms and Docupace. Please contact ESI Suitability with any questions at 800-344-7437, option 1, option 5.
TTC125106(0122)1