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Electronic Advisor Client Applications

If you are an Advisor Master User, you can send an email invitation to your client, who then completes an account application electronically.

To send an invitation to a client to start an electronic application

1. From the Contacts tab in the CRM home dashboard click the document icon Send Application Invite.

2. Click Fully Electronic Application, then Continue.

The Advisor Client Invitation page opens.

3. Enter the client's name and email address
4. If the advisor has account representatives configured, optionally assign to the client.

5. Select the type of fees for the client:

• No Fee - An advisor chooses not to charge his or clients a fee for services rendered.
• Automatic billing - A calculated fee is automatically billed to the client's account with blanket client authorization. Be aware that Automatic Billing is subject to certain caps and limitations.

Advisors can choose one of several client fee methods:

• Annualized Percentage of Net Liquidation Value
• Annualized Flat fee
• Percent of Profit and Loss (P&L)
• Fee per trade unit
• Monthly/Quarterly Invoicing - Advisors can submit electronic invoices for client fees. Invoices can be submitted for up to ten clients at a time, but only one invoice can be submitted per client account per day. Advisors can also upload a .csv file that contains multiple client invoices.

Click here for automatic billing examples.

• Direct billing - The Advisor bills the client directly. We will not remove funds from the client's account.

Regardless of the method chosen, advisors determine the fees at the time of the client’s registration, and can modify them at any time. Advisor clients are required to acknowledge any fee increase with a signature.

In addition to the advisor client fees specified, clients will be charged a fee per trade commission for execution and clearing services provided by us.

6. Click Continue.

7. Review the invitation information, then click Continue.

An email is sent to the client, inviting him or her to complete an account application electronically.