Account Types
This type of account requires MANUAL trades by the branch (does not automatically trade).
What is "GS Flex"?
How is settlement date calculated?
What is T+2?
Our system would not allow the branch to select a process date on the calendar within this timeframe when entering a distribution from an Adv/GS Fund account.
What is "T+2"?
This account type has the lowest threshold for activation and post-activation minimums.
What is "GS Fund"?
(Activation minimum is $5,000. Post-activation minimum is $2,000)
This is a scenario in which trade corrections WOULD NOT be completed.
What is "Client Error"?
These two program types incorporate automated trading.
What are "Advisory and GS Fund"?
What time is trading cutoff?
What is 3pm CST?
This is where you can see the status of an account.
What is "Account Dashboard"?
Note: This can also be viewed on GA.
This account does not have a minimum for either activation or post-activation.
(2 possible answers)
What is "Select" and/or "Associate"?
If the branch completes a correction request, there is a potential risk of this.
What is "market loss"?
How many exception accounts can a branch open?
What is "15"? (See WEB5070645)
Which security trades in real-time?
What is "ETF"?
If a branch attempts to add a new bank profile to an exited account, the profile will pend for this reason.
What is "Pending AUTH"?
This is what the branch would need to do if an account would fall below a post-activation minimum due to a distribution.
What is "Exit"?
(Branch can refer to WEB586180)
The branch states that they have already submitted a request for a correction. This is where you can find the status of the request.
What is "Salesforce"?
This account type has an Overlay Manager.
What is UMA?
When would a new account activate once the activation minimum has been met?
What is "the next business day"?
(Exception of GS Flex accounts. It is possible for these to activate same-day if certain criteria is met.)
This type of retirement account does not have a maintenance minimum for Guided Solutions Fund.
What is "GS Fund SIMPLE under $5k"?
These accounts have a $25,000 activation minimum and $10,000 post-activation minimum.
(2 answers)
What are "GS Flex and Advisory"?
This is the web page that contains the list of correction form messages.
What is "WEB5052522"?
*Note: If a branch has in-depth questions about filling this out or needs direction, please transfer to #39.
This account type has been exited from Advisory and cannot accept contributions/incoming funds.
What is "Limited Select"?
A branch calls in to correct a transaction they entered in error. The distribution was initiated at 3:24pm CST today. It is currently 3:45pm CST.
How would you handle this call?
What is "Delete and Re-enter"?
NOTE: The distribution was entered AFTER market close. Deleting and re-entering will not result in market loss/trade corrections.
For GS Flex accounts, this amount can be viewed in TaSC once an account is exited and MUST be deducted from the balance prior to disbursing funds (if not yet showing in Activity)
What is the "Final Fee"?
UMA accounts have a "tiered" activation minimum based on the model the client selects. What is the lowest activation minimum?
What is "$300,000"?
This is the direct extension for corrections of cash disbursements via check, wired funds, SWPS,or any ACH on Demand request (except Plan Deposit via ACH)
What is "36578"?