Change Money Manager Client Account Assignments

You change Money Manager client account assignments at any time by adding or removing client accounts from the Money Manager.

To change Money Manager client assignments

1. Log into Account Management using your Master account username and password.
2. Click Manage Account > Money Manager > Administration.

1. Click the Assign Client Accounts tab.

1. Select a Money Manager from the drop-down list.
2. The Set Up Client Accounts page appears for the selected Money Manager.

• To remove client accounts from the Money Manager, click the plus sign next to View and Remove Assigned Clients. Select the client accounts you want to remove, then click Remove. You can use the Ctrl+click or Shift+click keyboard combinations to select more than one account at at time.
  
  When you assign a client account to a Money Manager, we create a second version of the client account that is linked to the Money Manager. When you fund or transfer positions into a client account for a Money Manager, you are actually funding or moving positions into the linked client account. Therefore, before you can remove a client account from a Money Manager, you must first move all cash and positions from the linked client account back to the client account.

• To add client accounts to the Money Manager, click the plus sign next to Assign New Clients. Move client accounts from the Available Clients list to the Selected Clients list by selecting the client account(s) on the left then clicking the right arrow button. You can use the Ctrl+click or Shift+click keyboard combinations to select more than one account at at time.
  
  Click Select All to select all Available Clients.

6. Click Save and Continue.

If you added client accounts to the Money Manager, the Client Trading Permissions page appears.

1. The client accounts for whom you are adding trading permissions are displayed in the Selected Client Accounts box. These are the client accounts that you assigned to the Money Manager on the previous page.

Add products and countries to those client accounts as required, then click Save and Continue.

Client account assigned to a Money Manager can only receive trading permissions for products and countries that they already have permission to trade as Advisor clients. For example, if a client account can trade stocks as an Advisor client, and you assign trading permissions for a Money Manager that gives the same client account trading permissions for stocks and options, then the Money Manager will only be able to trade stocks for that client account.

The Money Manager Fees page appears. This page lets you set client fees for the client accounts assigned to this Money Manager, which are displayed in the box at the top of the page.

1. Select one of the following radio buttons:

• Use existing Money Manager Client fee template schedule - Select this option to apply an existing Money Manager Client Fee Template to this Money Manager. If you do not have any existing Client Fee Templates, this option is unavailable. See Create a Client Fees Template for more information about Money Manager Client Fee Templates.
• Set new client fees - Select this option to create a new fee schedule, which specifies the fees to be charged when this Money Manager trades for the selected client accounts.

9. Click Continue.
10. If you selected Add new fee schedule, select a fee methodology by selecting the appropriate radio button. Client fee setup for Money Manager fees is identical as the client fee setup for Financial Advisors.

• Automatic billing is calculated and automatically billed to the client’s account by us. We offer a variety of methods that can be used, including Percentage of an account's value, Percentage of P&L, or a Flat Fee. Click the check box next to each billing option that applies and enter the appropriate fee amount in the fields provided. If you select Fee per trade, set maximum fees per trade on the next page that appears after you click the Continue button.
• If you choose to use Direct Billing, we are not involved and you are responsible for billing your client(s) directly.
  

11. Click Save and Continue. The main Money Manager Assignment page appears.
    

• Users' Guide