Account types
These two account types require MANUAL trades by the branch associate (does not automatically trade).
What is "Guided Solutions Flex and Financial Advisor Managed Solutions?"
This is how settlement date is calculated.
What is "T+1"?
This is how far in advance a transaction should be entered for a UMA account.
What is "T+4"?
This account type has the lowest threshold for activation and post-activation minimums.
What is "Guided Solutions 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 Solutions and Guided Solutions Fund"?
Trading cutoff occurs at this time.
What is "3 P.M. CST"?
(For all securities EXCEPT exchange traded funds (ETFs) and stocks; they are traded in real-time.)
This is where you can see the status of an account.
What is "Account Dashboard"?
Note: This can also be viewed using the Communication System Get Account command (GA).
This account does not have a minimum for either activation or post-activation.
What is "Select"?
If the branch associate completes a correction request, there is a potential risk of this.
What is "market loss"?
A branch team can open this many exception accounts.
What is "15"?
For more information, search SharePoint for Guided Solutions Fund Account - Accounts Under $5,000 (WEB5070645).
These securities trade in real-time.
What are "exchange traded funds (ETFs) and stocks"?
If a branch associate 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 associate will need to do if an account falls below a post-activation minimum due to a distribution.
What is "Exit"?
For more information, search SharePoint for Exit the Program | Advisory / Guided Solutions Program (WEB586180).
The branch associate 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 "Unified managed accounts (UMA)"?
The timing of a new account activation once the activation minimum has been met.
What is "the next business day"? (Except Guided Solutions Flex and Financial Advisor Managed Solutions accounts. It is possible for these to activate same day if certain criteria is met.)
This type of account does not have a maintenance minimum for Guided Solutions Fund.
What is "associate account"? [Simplified Employee Pension (SEP) Plan, Savings Incentive Match Plan for Employees (SIMPLE), Owner K under $5000 or employees of Edward Jones and Traditional and Roth individual retirement accounts (IRAs) & non-retirement under $5000]
These three accounts have a $25,000 activation minimum and $10,000 post-activation minimum.
What are "Guided Solutions Flex, Advisory Solutions Fund, and Financial Advisor Managed Solutions"?
This is the web page that contains the list of correction form messages.
What is "Advisory/Guided Solutions - Correct Funding, Disbursements, or Trades (WEB5052522)"?
This account has been exited from a fee-based program and cannot accept contributions/incoming funds.
What is "limited Select"?
A branch associate calls in to correct a transaction they entered in error. The distribution was initiated at 3:24 P.M. CST today. It is currently 3:45 P.M. CST. This is how you would 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 Guided Solutions Flex accounts, this amount can be viewed in Transactions and Services Center (TaSC) once an account is exited and MUST be deducted from the balance prior to disbursing funds (if not yet showing on the Activity tab).
What is the "Final fee"?
Unified managed accounts (UMAs) have a "tiered" activation minimum based on the model the client selects. This is the lowest activation minimum.
What is "$300,000"?
This is the form message that would be used to correct a disbursement type for an Advisory Solutions Fund or a Guided Solutions Fund account.
What is the "Modify Cash Disbursement Out Advisory Solutions Fund Model or a Guided Solutions Form Message (WEB5038575)"?