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The In-Force Transaction (IFT) Access Broker Dealer of Record Change (BDR) option automates the process of sending financial institution change requests and receiving confirmations. If a policy owner has agreed to transfer their tax qualified annuity contract to you as their new broker and has requested you act on the owner’s behalf as their custodian, this action requires you, as the receiving broker, to submit a Qualified Custodial Broker Dealer of Record Change to update the carrier’s current record of the contract.

This video will walk you through the steps required to complete a custodial Broker Dealer of Record Change transaction.




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