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Move, Link or Partition an Account

This page lets you:

• Move your existing account, including all cash and positions, to an Advisor- or Broker- managed account, or
• Create a new account that will be managed by an Advisor or Broker and keep your existing account. The new Advisor- or Broker-managed account will be linked to your existing account.
• Divide your account into two partitions: one that will be managed by you and one that will be managed by an Advisor or Broker.

This page also appears when you link directly to an Advisor or Broker using the Investors' Marketplace.

Who can access the Move, Link or Partition an Account page?

You can access this page if you are a(n) :

• Individual, Joint, Trust or IRA Account User with a single account or multiple accounts
• Small Business Account User
• Proprietary Trading Group Master User
• Single Hedge Fund
• Advisor Master User (can link to Broker only on this page)
• Multiple Hedge Fund Investment Manager (can link to Broker only on this page)
• Proprietary Trading Group STL Master User (can link to Broker only on this page)

and you are not an Advisor Client User or Broker Client User.

Important Notes about Linking and DeLinking

• You cannot link your account to an advisor who has lesser trading permissions than you.
• When you move your entire account to an Advisor, you will no longer be able to log into Trader Workstation and your current market data subscriptions will be canceled.
• When you move your entire account to a Broker, you will keep the ability to log in to Trader Workstation, and your current trading permissions will remain in effect.
• When you create a new linked Advisor- or Broker-managed account and keep your existing account, the trading permissions for your existing account will also apply to the new Advisor- or Broker-managed account, but any permission to which the Advisor or Broker is not entitled will be removed. Future permissions changes for the new account must be done individually for each child account.
• Client trading in a linked account managed by an Advisor or a Multiple Hedge Fund Investment Manager cannot be enabled.
• Market data subscriptions are charged once for linked accounts rather than separately for each linked account (market data subscriptions are charged per terminal/computer).
• If you choose to create a new account partition under an Advisor/Broker, that partition will be created overnight.
• Complete account moves to an Advisor/Broker-managed account are completed every Friday at 2:00 PM.
• When you choose to link your existing account to an Advisor/Broker-managed account, the Advisor or Broker must confirm the link request. The new linked account will be open and ready to be funded by 6:00 PM on the same business day. If you submit your link request after 4:00 PM, the linked account will be open and ready to be funded by 6:00 PM on the next business day.

About Partitions

When you choose to create a new account partition that will be managed by an Advisor or Broker, you are essentially creating a parent-child account relationship. Your existing account becomes the "parent partition" and your new Advisor- or Broker-managed partition becomes the "child partition." The following guidelines apply to these partitions:

• The trading permissions for your existing account partition will also apply to the new Advisor- or Broker-managed partition, but any permission to which the Advisor or Broker is not entitled will be removed. Future permissions changes for child partitions should be done individually for each partition.
• Market data subscriptions are charged once for account partitions rather than charged separately for each partition (market data subscriptions are charged per terminal/computer).
• The child partition will be open and ready to be funded by 6:00 PM on the same business day. If you submit your request after 4:00 PM, the child partition will be open and ready to be funded by 6:00 PM on the next business day.
• When you create a new Advisor- or Broker-managed child partition, the Advisor or Broker cannot reject the request.
• You fund the child partition by transferring cash and or positions from the parent partition to the child partition once the child partition is open. Use internal fund transfers or internal position transfers to do this.
• The Advisor or Broker will determine and configure fees for the new child partition just as they would for any of their client accounts.
• Commissions are charged separately for each partition.
• Clients receive read only access to trading applications. The Advisor or Multiple Hedge Fund Investment Manager has the ability to enable client trading.
• The Advisor- or Broker-managed partition can be closed just like any other advisor or broker client account.
• The parent partition (your original existing account) cannot be closed until all child partitions are closed.
• You will be unable to delink the Advisor- or Broker-managed partition. To delink the partition from the Advisor or Broker, you must first transfer all funds and assets to the parent partition (your original account), and then close the Advisor- or Broker-managed partition.
• You can only link to one Advisor- or Broker-managed partition, but you can link multiple accounts to the same Advisor or Broker.

To move, link or partition an account

1. Click Manage Account > Add or Link Accounts > Advisor/Broker Account Setup.

2. Select from the following options by clicking the appropriate radio button:

• Move my entire account to an account managed by the Advisor/Broker identified below.
• Create a new linked account that will be managed by the Advisor/Broker identified below.
• Divide my account into two partitions, one of which will be managed by the Advisor/Broker identified below.

3. Type the Account ID and Account Title of the Advisor- or Broker-managed account in the fields provided.
4. Click Continue.
5. Enter the account ID and title of the broker or advisor account to which you want to link in the fields provided. For example, account ID I123456 and account title Applicant XYZ. If you already selected the Advisor or Broker in the Investors' Marketplace, these fields will already be filled in.
6. Click Continue.
7. Sign each of the two required agreements and click Continue after signing each one.

You will be emailed a confirmation number. Enter that number on the Confirmation Number page, then click Continue.

8. An email will be sent to the Advisor or Broker to inform him or her of your request.

To access this page from Investors' Marketplace

You can use Investors' Marketplace to identify the Advisor or Broker, and then can access the Move, Link or Partition an Account page from the Marketplace.

1. Use the Advisor Marketplace or Broker Marketplace to search for and select an Advisor or Broker.
2. Click the Link button in the individual Advisor or Broker listing. The Advisor/Broker Account Setup page opens.

3. Click the radio button that corresponds to your choice. Read the descriptions carefully to understand the difference between the options.
4. Enter the account ID and title of the broker or advisor account to which you want to link in the fields provided. For example, account ID I123456 and account title Applicant XYZ. If you already selected the Advisor or Broker in the Investors' Marketplace, these fields will already be filled in.
5. Click Continue.
6. Sign each of the two required agreements and click Continue after signing each one.
7. You will be emailed a confirmation number. Enter that number on the Confirmation Number page, then click Continue.

8. An email will be sent to the Advisor or Broker to inform him or her of your request. Advisors and Brokers do not have to confirm requests for new partitions.

For more information

• Rules for Linking to and Delinking from an Advisor or Multiple Hedge Fund