Additional Advisor Authorizations

Advisors can get specific authorization from a client to modify additional settings in the client account. These authorizations are listed on the Client Account Details page for open and pending client accounts.

Authorization Categories and Specific Tasks

Here is a list of all of the tasks that an advisor can be authorized to perform in a client's account. The list is organized by category just as on the actual authorization form.

Authorization to Update or Change Account Information, Account Settings, Trading Permissions and Tax Forms:

Change Account Info (Name & Address, Email, Phone Number, Legal Residence, Mailing address, Personal Info, Employment Info, Financial Information, Regulatory Information, Trading objectives,
Change trading permissions and products
Change account settings (Base Currency, Account Type)
View and change account forms and tax forms.
W8/W9 functions
Change Investor Category (QIB, Accredited Investor, etc)
Statement/Confirm Delivery Settings
Trading Configuration
Market Data
Market Data Subscriber Status
Alert Notification
Paper Trading Account

Authorization to Provide or Change Banking and Transfer Instructions

ACH deposit information
ACH and wire withdrawal bank information
Position instructions for ACATS and FOP inbound transfers
Settlement instructions

Authorization to Send Third Party Payments and Wires

Transmit payments or assets from the client account to third parties including wire transfers, ACH transfers and other transfers of funds or assets.
Place limits on this authority by specifying a maximum amount and time period in months. For example, no more than $5,000 per 3 month period.

Authorization to Vote Shares and Make Elections Regarding Positions (does not affect Account Management)

Corporate Actions should be sent to the advisor not the client.
Proxy delivery and voting will be done by the advisor not the client.

Authorization for Special Programs and Alternative Investments

Hedge Fund Capital Introduction Program Agreement
Enroll or un-enroll in the Stock Yield Enhancement Program

Request to Send Electronic Notices, Confirmations and Account Statements only to Advisor

Used by our Compliance department in the event that an advisor wants to control the email address used for the client account.

To grant and view additional advisor authorizations

The advisor requests a Supplemental Power of Attorney and Authorization from his or sales representative or Customer Service.
The advisor client prints, completes and mails the Supplemental Power of Attorney and Authorization form to us to grant his or her advisor authorization to perform additional specific account configuration tasks for the client's account. Without this authorization, the advisor normally is not authorized to modify these account settings.
Once the authorizations are granted, the advisor can perform the additional tasks and can click Manage Clients > Accounts > View to drill down to the Client Account Details page for the authorizing client.

There will be a section on the page that lists all of the client account tasks that have been authorized by the client.

For more information

Users' Guide