FAQs: How to Grant Full Authority

  • Can I grant full authority on custodial accounts?

    No, you cannot grant full authority on custodial accounts. You may grant limited authority. Please note that minors are not permitted to trade.

  • Can I grant full authority on IRAs?

    Full authority can be granted on most IRAs. Fiduciary IRAs have exceptions. Full authority cannot be granted on Fidelity Retirement Plans (Keogh), self-employed 401(k), defined benefit, or non-prototype retirement accounts.

  • Can I grant full authority on 529 accounts?

    Yes. Granting full authority on 529 accounts allows the agent to view the account, exchange previously invested money among portfolios once per calendar year, change future allocation instructions, and remove cash by sending a check to the registered owner or to a college or university if standing payment instructions are on file.

  • Can I grant full authority on annuity accounts?

    No, you cannot grant full authority on annuity accounts. You may grant limited authority.