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Wealth Manager Assignment

Money Managers direct trading and investment activity in client accounts. Financial Advisors acting as Wealth Managers add Money Managers to trade for client accounts. As a Money Manager, you cannot add client accounts, fund client accounts, set client fees or set client trading permissions. Both Money Managers and Wealth Managers can trade for client accounts. Money Managers can market their trading services to Wealth Managers by registering at the Money Manager Marketplace.

To be able to trade for client accounts as a Money Manager:

1. Complete a separate Money Manager account application.
   
   Once your Money Manager account is activated, the Wealth Manager shops for Money Managers in the Money Manager Marketplace and either prepares to contact you, requests that you contact him, or adds you to his or her account.
2. Log into Account Management and use the Money Manager Marketplace page in the Investors' Marketplace menu to review requests by Wealth Managers (move your mouse cursor over a Wealth Manager to see his or her contact information).
3. Once you and the Wealth Manager have agreed to do business together, the Wealth Manager adds you to his account.
4. Log into Account Management and use the Wealth Manager Assignment page to subscribe to the Wealth Manager who has added you.
   
   After you subscribe to the Wealth Manager, the Wealth Manager then assigns client accounts to you for trading purposes, sets trading permissions and sets client fees. After the Wealth Manager completes these tasks, you can trade for client accounts assigned to you.

You can also deactivate Wealth Manager assignments.

Who Can Access the Wealth Manager Assignment Page?

You can access this page if you have completed the Money Manager account application and your account has been opened and activated.

To subscribe to a Wealth Manager

1. Log in to Account Management.
2. If you have pending Wealth Manager assignments, the Wealth Manager Assignment page appears.

3. All pending Wealth Manager assignments are listed in the Pending Wealth Managers section of the page. Click Activate Subscription in the Action column.
4. The first time you activate a Wealth Manager assignment, you must enter a code up to four letters long that will be used in place of your Money Manger Account ID on all reports. This code will be part of a Virtual Account Number, which is a security feature to protect your Money Manager Account ID. Enter the four letter code in the Money Manager Mnemonic field.

Wealth Managers also enter a mnemonic to protect their own account ID's when they add Money Managers on the Money Manager Assignment page. The Wealth Manager mnemonic is also part of the Virtual Account Number.

Virtual Account Numbers appear on client reports and consist of the client Account ID, the Wealth Manager Mnemonic and the Money Manager Mnemonic. On their reports, clients will see one of the following Virtual Account Numbers in place of their Account ID:

• If no Account Alias is used: Client Account ID-WM Mnemonic-MM Mnemonic
• If an Account Alias is used: Client Account Alias-WM Mnemonic-MM Mnemonic

To deactivate a Wealth Manager assignment

1. In Account Management, click Settings > Wealth Manager > Administration.
2. All current Wealth Manager assignments are listed in the Subscribed Wealth Managers section of the page. Click Deactivate Subscription.
   
   Deactivating a Wealth Manager subscription deletes all of your trading capabilities from all clients currently enabled for trading by this Wealth Manager.

3. Click OK in the warning message.

To view current client accounts assigned to you

1. Click Settings > Money Manager > Administration.
2. Clicks the Client Assignments tab.
   
   All current Wealth Manager assignments are listed with their assigned client accounts. These are the client accounts for which you can trade.

For more information

• Users' Guide