Our club wants to add a person but we do not know the proper
way to inform our broker, TD Ameritrade. I have emailed and
called TD a few times but have been given different answers.
Please let me know what you have done to add members to your
broker account. We have been very happy with their customer
service up to this point so I am surprised at the lack of
knowledge on this transaction.

John
ABODI Investment Club
Anaheim, CA

We also use TD Ameritrade and have had the same experience. The customer
service staff doesn't seem to know how to handle investment clubs. In the
past, we have simply sent them a copy of our amended partnership agreement
executed by all the new partners for their records. I'm very interested to
learn how other clubs have handled this.

Robbin
Duke & Duke Investment Club
Pennsylvania

-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com]On Behalf Of John
Rice
Sent: Saturday, May 31, 2008 12:12 AM
To: club_cafe@bivio.com
Subject: club_cafe: Question for TD Ameritrade clients


Our club wants to add a person but we do not know the proper
way to inform our broker, TD Ameritrade. I have emailed and
called TD a few times but have been given different answers.
Please let me know what you have done to add members to your
broker account. We have been very happy with their customer
service up to this point so I am surprised at the lack of
knowledge on this transaction.

John
ABODI Investment Club
Anaheim, CA

While this may not be kosher, I have chosen for our club to just leave TDA
out of it. We have the same two people signed up as agents to do business
with them, they have copies of our original PA and signatures on the first
members when we started with them, and we have copies of all resignations
and New Member Partnership Agreement forms since then. Keeping these forms
all in one place with the original PA is a good practice to follow.

Just as a recommendation, the paper jam process of switching agents who can
make buys and sells can be eliminated or reduced by keeping the same persons
in that role, even if another member is the club treasurer and doing the
accounting.

Gene Rooks, SWIM, Orlando

I wrote a lettter to TDA to let them know how their customer
service sucks in regards to knowledge of investment clubs.
They called me immediately to let me know the correct way to
do this. They say that you do not have to let them know
when a member joins or leaves the club. You only have to
fill out the Trading Authorization form for Investment Clubs
if you change the people who are responsible to do trades.

John Rice
ABODI Investment Club