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Trade Processing

Trade Process:

  1. The seller or seller's agent calls the trading desk requesting bids on an unsolicited basis.
  2. The trading desk representative seeks bids from an extensive database of buyers.
  3. The representative contacts at least three buyers for bids, according to the FINRA regulations of "best execution."
  4. The seller is contacted with the best of at least three bids.
  5. If the seller accepts the bid and commits to sell the units, the limited partnership's transfer agent is contacted to verify the seller's ownership and registration information.

These trades are considered to be "agency" as buyers set price based on their personal evaluation and prior trades in the secondary market.

Trade date is determined when the seller accepts the bid. This offer and acceptance is considered a verbal contract upon which a written contract is faxed or mailed to the seller. The buyer is contacted to advise of seller's acceptance and sent a contract as well. The buyer returns the contract with the purchase check when informed that the seller's executed contract has been returned.

Required Documentation:

  1. Seller/Buyer contracts indicating price, commission & fees, partnership name, number of units and exact seller/buyer registration. These contracts include a Power of Attorney authorizing APS to execute all pertinent documentation necessary to transfer title by the transfer agent.
  2. For the first time buyer, a new account form application must be signed and completed.
Submittal to Transfer Agent for Title transfer:

When both buyer's and seller's executed contracts are received (good delivery) as well as the buyer's purchase check, the transfer package is sent overnight mail to the transfer agent.

Closing the Trade:

Seller is sent the proceeds of the sale, buyer's are paid distributions owed, and commissions and fees are paid.

For both buyer and seller a confirm letter is mailed at the close of the trade. This confirm includes, number of units, partnership name, trade date , ex-dividend date, and disclosure of commissions & fees.

 

Securities Offered Through Allied Beacon Partners, Inc. Member FINRA/SIPC

    


Interested buyers and sellers may call our trading desk 800-990-5604 between 7:30am and 5:00pm PST.

Customers who are involved in a transaction in progress may call our toll free customer service number 800-898-8109 between 7:30am to 5:00pm PST.

Disclaimer: Before proceeding further, please be advised that this information is intended for use only by residents of the following states in which the representative is registered: Arizona, California, Colorado, District of Columbia, Florida, Illinois, New Hampshire, New Jersey, New York, and Texas. Securities related services may not be provided to individuals residing in any state not listed above.

This does not constitute an offer to buy or sell any security. Investments in securities are not suitable for all investors. Investment in any security may involve a high degree of risk and investors should review all "Risk Factors" before investing. Investors should perform their own due dilligence before considering any investment. Past performance and/or forward looking statements are never an assurance of future results. Investment products, Insurance, and Annuity products are not FDIC Insured/Not Bank Guaranteed/Not Insured by any Federal Government Agency/May Lose Value. Securities offered through Allied Beacon Partners, Inc. Headquarters: 1100 Boulders Parkway, Suite 600, Richmond, VA 23225, 888-275-2279. Member FINRA/SIPC. Alliance Partnership Services and Allied Beacon Partners are not Affiliated.