February 27, 2019. By Courtney Summa:

With tax season upon us and accountants quickly filling their schedules, we wanted to provide an update regarding the delivery of your tax documents and the recent request for trusted contact designations:

Tax Document Delivery Status: With some deadlines mere months away, we understand the importance of delivering the tax documents related to your Centerpoint accounts and portfolios in a timely manner.  Additionally, we are happy to coordinate delivery directly to your CPA as we have done in the past to streamline your tax planning efforts.

Kindly note that in the coming days and weeks Fidelity will be sending correspondence indicating that your tax documents are available for viewing.  You can disregard these notices as we will be gathering, organizing, and delivering these to you for each of your accounts.  We are in the process of organizing tax documents now, and you can expect delivery late February into early March, which will be in plenty of time to file without delay.

Fidelity issues several versions of the tax forms, some which contain amendments. It is important to recognize that should you log on to your account to download your documents yourself, you will need to be sure to download the most recent amended version.  For your convenience, it is most likely best to wait for the email from our office with the official documents as we monitor these daily throughout the year on your behalf. Rest assured that we will send this in a secure manner via a ShareFile encrypted link.

Please feel free to contact us with any questions or concerns, or if perhaps there has been a change to your CPA team.

Trusted Contact Persons: You may have received a notice from Fidelity in your December 2018 statement regarding the importance of naming a Trusted Contact Person.  A trusted contact is someone you authorize Centerpoint (and/or Fidelity) to contact on your behalf if we are unable to get in touch with you or if we detect signs of potential diminished capacity, financial exploitation, abuse, or endangerment.  Your trusted contact will not have the ability to transact on your accounts.

Providing trusted contact information is optional but we encourage everyone, especially senior investors, to consider designating 1-2 people.  While you are able to add this information yourself by logging into your Fidelity account online, we suggest that you first contact us to discuss the options for who may be best suited to this position.  At that time, we will also provide you with our own internal Trusted Contact form that we recommend using instead as, given our long-standing relationship, we are in a better position than Fidelity to assess the need to reach out to a trusted contact should such a situation ever arise.

Please let us know if you have any questions, otherwise your next portfolio review would be a perfect time to discuss further.

As always, our full team is available to answer any questions you may have. To maximize your time, please direct any tax document questions directly to me at courtney@centerpointadvisors.net and any privacy or security questions to our Compliance Analyst, Matthew Okaty, at mokaty@centerpointadvisors.net