Website          Forms           Make a Payment          New Account          News          Blog    
PROVIDENT TRUST GROUP E-NEWS
START HERE. GO ANYWHERE.

TECHNOLOGY ROLLOUT

New! Online Portal Launch Coming Soon!

Provident Trust Group is excited to announce that our new and improved Online Portal will be launching in mid-to-late-January.  This new portal will include the ability to:
  • Open new accounts
  • Complete Electronic Transfer Forms
  • Complete Electronic Direction of Investment Forms
  • View balances, lists of holdings, and transactions
  • View tax documents from 2014 forward
More information on this exciting development will be sent out via email as our Online Portal gets closer to its launch date.  Clients who have an account on our existing portal will need to re-register in order to enable the display of all account information in one location. That's right - no more jumping between screens! Clients who have not logged in to our existing portal will be able to register with our new Online Portal for instant access to their account information.  We hope that these new features in our Online Portal will help to streamline access to your account!

YEAR END DEADLINES & REMINDERS

 
Required Minimum Distributions ("RMDs")
 
For those individuals that are required to take an RMD for the 2016 tax year, completed RMD requests for in-kind RMDs were due to Provident by October 31 for guaranteed processing.   Similarly, completed RMD requests for cash RMDS were due to Provident by December 1 for guaranteed processing.   If RMD requests are submitted after these dates, Provident cannot guarantee processing, but will endeavor to accommodate requests received after these deadlines.
 
Have additional questions? Please read our  article on understanding RMDs.


  
Establishing a Solo 401(k) Plan 
 
Did you know that December 31st is the IRS deadline to establish a new Solo 401(k) plan for self-employed individuals?   If you've been thinking about establishing a new Solo 401(k) Plan, now may be the perfect time to kick it into high gear and open a Solo(k) account!
 
Visit our website to learn more about Solo 401(k) Plans. 


Fair Market Valuation Reminder 
 
On October 14th, Provident Trust Group mailed a Fair Market Value ("FMV") letter and form to all IRA clients. As an IRA custodian, we are required to report the FMV on the Form 5498 for all IRA accounts as of December 31st every year. In addition, the FMV will be used to calculate Required Minimum Distributions, when applicable.
 
If you need to update the value of the asset(s) in your account, please download and complete the FMV Form . Completed FMV Forms are due back to us by March 1, 2017 in order to avoid corrections to the Form 5498.



 
Don't Miss Deadlines in 2017!
 
Download our Tax Calendar so you're aware of important dates and deadlines for the upcoming 2017 Tax Year! Reminders will also be posted on our social media accounts.
 
Click here to download  the 2017 Tax Calendar.


INDUSTRY SPOTLIGHT: DUE DILIGENCE

SEC Notice 5866 & Self-Directed IRA Investment Due Diligence

In 2012, the SEC and NASAA issued Investor Notice 5866, Self-Directed IRAs and the Risk of Fraud. In the notice, the SEC and NASAA outlined how self-directed IRAs can be susceptible to numerous types of fraud. The notice outlined some significant cases where investors with self-directed IRAs incurred significant losses as a result of fraud and misrepresentations involving their investments.
 

Read more on the importance of due diligence.


SUGGESTED READING

A Gift for You...

Education is an important part of the way Provident conducts business. It's so important that it is one of our company's core values: Learn & Adapt. Every once in a while, we'll come across a book that we feel may bring insight into the complexities of the industry. As such, we would like to introduce to you, The Sudden Wealth Solution, by Robert Pagliarini.

"As the CEO of a trust company, I can tell you from working with clients there are significant financial, tax, legal, and psychological challenges of new wealth. Robert has taken his years of experience as a sudden wealth advisor and condensed it into a comprehensive system that turns sudden wealth into lasting wealth.  The Sudden Wealth Solution is an absolute must read if you are coming into money."
- THERESA FETTE, CEO of Provident Trust Grou p
 
Click here for a free copy of The Sudden Wealth Solution!


OFFICE CLOSURES & IMPORTANT DATES
December 23-26
We will be closed on Friday, December 23rd through Monday, December 26th for the Holiday Season.

January 2
We will be closed on Monday, January 2nd for the New Year's Holiday.

January 16
We will be closed on Monday, January 16th in observance of Martin Luther King, Jr. Day.

SURVEY & RAFFLE GIVEAWAY
Tell us how we're doing! Complete our survey for a chance to win a $50 gift card!

Phone: (888) 855-9856 | Email | Website
The information provided herein is for educational and informational purposes only, and should not be construed as any investment, financial, legal, or tax advice. Additionally, the information contained herein does not constitute an offer by Provident Trust Group to invest or to provide management/advisory services or a recommendation to enter into any securities transactions or investment strategies, and is subject to correction, completion and amendment without notice.

Copyright © 2016. All Rights Reserved.