FISN IRA'S

Call 800-351-4494 to Open an Account
or
Email to FISN

Introduction

FISN offers IRA accounts through its broker dealer, First Internet Securities Network. 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 FISN, or, by calling FISN at 800-351-4494 to request an IRA application package.

FISN IRA Accounts

First Internet Securities Network (FISN) 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 Trust Company 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. Read it carefully.  
   
2. If there are detailed 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  and the Custodial Agreement and Disclosure Statements. You will find everything you would need to know about FISN IRAs including the Traditional and Roth IRAs in these brochures. For further information, call FISN for the answer. 
   
3. Complete The Premier Select application: the same application is used for all types of 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. 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 70^th & 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:  
   • First Internet Securities Network
     Attn: IRA Department
     4800 Montgomery Lane, Suite 880
     Bethesda, MD 20814
     
8. Call FISN 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 at the end of the first month 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 when necessary.

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.