The following process allows the Advisor to open an account for a client, rather than the client opening the account themselves through the Client Portal. This can be done when an advisor is in direct communication with a client.

Pershing account types currently available include Individual, Traditional IRA, Roth IRA, Rollover into Traditional IRA, Rollover into Roth IRA, and Joint with Rights of Survivorship.

The process can be interrupted at any point and progress will be saved. Simply click the Account Documents Status line on the Opportunity row to resume.

Opening a New Account

An account must be attached to an Opportunity. If you do not yet have an Opportunity created for the account, see Creating a New Opportunity.

As Part of Creating a Proposal

During the final phase of creating a Proposal for a Client, you can jump directly into adding a new Account.

After or Without Proposal

If a Proposal was already created, or you wish to create an Account without the IPS:

1. Navigate to Grow Practice > Dashboard.
2. Locate the Opportunity you want to create a Proposal for (Opportunities in the grid are automatically sorted by newest first).
3. Click + Account under the Account Documents Status column. The Account Builder will open to the Account Type selector.

Select Custodian

Select Pershing as the Custodian and set the proper Rep Code and Office Code under which to open the new account. If only one option is available, the selection will be pre-filled for you and you can click Next to proceed.

Account Type

Select the Account type to open and click Continue to proceed.

The Account Number should be left blank, it will be assigned from the predetermined pool of available account numbers.

Account Owner Info

All required information about the Primary Account Owner should be entered on this page. Click Continue on each page when finished to proceed to the next tab. The exact information required may vary based on the Account Type selected in the previous step.

Attributes

The Attributes section contains extra required questions from Pershing. Review all sections carefully and enter appropriate responses before continuing to Funding. Note that a Yes response to any of the USA Patriot Act questions will prevent account creation from proceeding.

Funding

If the account type is not an IRA type, the account may be initially funded through Funds Transfer or Account Transfer when opening. (IRA types must be funded by the Client through the Client Portal.)

Funds (Cash) Transfer

Select Yes if transferring funds in from a checking or savings account.

If you are only funding through account transfer, select No and then click Continue. Jump down to Account Transfer directions.

1. Enter the appropriate banking information. Only one checking or savings account may be connected at this time.
2. Under Initial Funding Amount, set the incoming funding date, recurrence, and amount.

Click Continue to proceed to Account Transfer.

Account Transfer

Select Yes and click Continue if transferring in securities from another account.

If you are only transferring Cash or not funding the account on open, leave the option as No and click Continue. Jump down to the Confirm section.

Select the firm type to transfer from: Brokerage Firm, Mutual Fund Company, Insurance Company, or Former Employer’s Plan and click Continue. (These options may not all be available based on Firm configuration.)

The remaining screen(s) will vary based on the selection made. Enter the appropriate required fields for the initial transfer. Click Continue to advance to the final Confirm section.

Confirm

All the entered information will be presented for your review. Click Edit on any section to jump back to that section to make changes. Once all the information is verified accurate, you have the following options at the top:

Print Documents

• Print: Generate a printable version of the account documents for review.

Sign Electronically

• Sign Now: Begin the process of electronically signing the account documents for the Advisor and Client. Use this option if the Client is physically present with you when opening the account.
• Email: Send the Advisor and Client emails to initiate the signing process individually. Each will need to follow the DocuSign directions in the email for the process to proceed.