Wealthbuilder - Suitability
This Account Size subtype asks if POA is established
What is Request to Fund WB, Age > 80+?
Any initial funding value above this threshold is auto-approved for WB tier
What is $495K?
This signer solely opines on elevations where only a Dedicated IC is being requested
Who is Emily Duerfeldt?
These two RFYIs, opined on by LCCD and PEG, are often routed in conjunction with SAS
What is Health/Age and POA?
This is the only account type that requires an RFYI to proceed if being used to meet FI minimums
What is an UTMA?
These two Account Size subtypes can be auto-approved
What are Account Size (Sub $500K) and Request to Change Tiers (WB to PCG)?
Requests for exceptions to be managed in these tiers are not handled via RFYI
What is PWM and FFO (tier 3 and 4)?
This tier is excluded from the Request to Change Tiers referral exception guidelines
What is WB (tier 1)?
Prospects who are in a domestic partnership do not require an SAS elevation if these three guidelines are met
What are reside in the same residence, are each other’s primary beneficiaries, and share the same financial objectives/goals?
The following is the definition to this frequently used acronym: “Any liquid asset not tied up in a management plan or vehicle that prevents movement or management or would not be in a client’s best interest. Typically includes cash, stocks, bonds, and other liquid assets.”
What is ALNW?
A prospect who wants to onboard for WB tier can sign our LOA at this maximum age, before they are unqualified and require an RFYI to proceed
What is age 79?
Adult child elevations requesting their own FI relationships are rarely auto-declined, except when this reasoning applies
What is less than $50K in potential AUM?
These two qualifications do not factor into Request to Change Tiers auto-approval
What are ALNW and age?
This is the age cutoff for routing SAS under the adult child guidelines
What is 25?
This asset is considered available for FI management unless reviewed and given a recommendation of ‘do not liquidate’ by PEG
What are Low Basis Holdings?
Separate Spousal Asset RFYIs are important to the business for this reason
What are spouses being otherwise PCG qualified considering combined ALNW?
Elevations due to this reasoning will not be considered unless guidance is provided by senior management
What is market volatility?
PCG relationships that clear sub $1MM solely due to this reasoning are opined on by an IC GVP/AVP with no RFYI needed
What is market movement?
An RFYI for SAS, along with these two others, are required in this situation: A $200K Trust being added to an existing WB tier relationship that has a 90-year-old beneficiary
What is Health/Age and Request to Fund WB, Age >80?
This specific Account Size subtype cannot be routed with WB Suitability subtypes (think Age>80+ or ALNW>$1.1MM+), as they contradict one another
What is Request to Change Tiers (WB to PCG)?
ALNW guidelines do not apply to this WB tier auto approval
What is inheriting assets from deceased client (spouses and children)?
The Canadian account minimum is $10K, but was previously this value until mid-April
What is $40K?
If this PCG tier attribute is solely being requested, the Request to Change Tiers parameters do not apply, and different guidance is used to evaluate
What is PCG fee rate (1.25%)?
These two exceptions to routing SAS are viewed case-by-case based on account ownership
What are Trust and Joint account situations?
This exception to route applies to all auto-decline parameters
What are PWM/FFO (High AUM) referrals?