See below for frequently asked questions. Contact us to let us know how we can help further.
1What reporting and statements will MAP clients receive?
MAP clients will receive a monthly statement of account balances and transactions by email. In addition, daily account balance, activity history and performance information are available on the Institutional Intelligent Portfolios App on your smart phone.
2What happens if my account drops below a $5k balance?
Your account will continue to be invested and rebalanced as normal. The $5,000 minimum balance is only required for the initial investment. The lower your account value drops, however, the cash balance may increase due to the limited ability to rebalance.
3Can a husband and wife have a joint account?
Yes, joint accounts and revocable living trusts with up to two grantors and trustees can be enrolled in MAP.
4How large do ongoing deposits have to be?
There is not a minimum dollar value.
5Can you roll over a 401k into MAP?
Yes. During enrollment, choose IRA Rollover account type. Your 401(k) assets can be transferred via direct rollover. This is a non-taxable event. 401(k) accounts cannot be opened at MAP at this time.
6Does MAP offer 529 plans?
At this time, MAP does not offer 529 plans. We recommend investigating your home state's 529 plan as some state plans provide state tax credits/deductions for contributions.