SIE practice questionmediumAccount Beneficiaries
A brokerage account owner can transfer assets at death directly to a chosen person by designating a:
- ACustomer service representative
- BJoint account holder
- CTransfer on Death (TOD) beneficiary✓ Correct answer
- DFINRA arbitrator
Explanation
Why C — Transfer on Death (TOD) beneficiary
A TOD designation allows direct, immediate transfer of assets to the named beneficiary, avoiding probate. Joint account holders receive assets only under survivorship rules; customer service representatives and FINRA arbitrators do not receive assets.
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