Firms with Schwab as a custodian must perform the following setup steps at Schwab to ensure that account data is sent to AdvisorEngine from Schwab daily to reflect accurate information.
This process need only be performed once.
Caution: Before enabling this for the first time, inform your Relationship Manager (
rm@advisorengine.com) or AE Support to ensure that our system is prepared and expecting to receive the files Schwab will send.
Enabling Daily Batch Files to AE
- Log in to the Schwab Advisor Center.
- Select Account Management.
- Select Forms Library.
- Search for “Request for Data Access Agreement”.
- Select Submit Request.
- Complete the required fields for Advisor & Firm Information, Master Accounts (include all), and the Third-party data recipient information.
- Select all three check boxes in the Accompanying Information section.
- Select Submit Request.
Enabling Daily Batch Files to SMArtX
Firms utilizing our UMA offering through SMArtX must also complete the following:
Submit a Service Request in Schwab Advisor Center and request that Schwab adds the newly opened FA Master to their existing Jumbo Master feed to SMX.
You will receive confirmation once that work is completed and SMX should see accounts tied to that Master in the Jumbo feed the following business day.