High Net Worth
What are three transactions that qualify for the HNW Team support?
1) Cheque for deposit of $1,000,000 or more
2) A subsequent deposit that brings the Family Aggregate over one million.
3) External transfer over one million or brings the Family Aggregate over one million.
What does the acronym AVP Stand for ?
Assured Value Program
What list do we have to refer to before allocating clients ?
NIGO/Unresponsive query report
What is the IGHost code for the Province off Quebec ?
6
To subscribe to a report you must be in which program?
Advisor Portal
Cheque received for $26 million dollars. What are the steps needed to deposit it?
Maximum cheque amount accepted by the banks is $25 Million dollars.
What is the minimum amount of client assets that can be transferred for a standard AVP ?
$500,000.00
Who would be the receiving consultant assigned in ICM when the clients are responsive and unresponsive ?
Responsive clients would be assigned to Dedicated Advisor
Unresponsive clients would be assigned to RVP
What code do you enter to update the license on IGHost for Life, Accidental Sickness and Group plan types ?
3, 4 & 7
Our BI-Launchpad password is the same as which system?
Windows
How is a Soft NIGO handled vs a Hard NIGO when dealing with a HNW client?
Soft NIGO would be handled with the assistance of RO Operations Coordinators/Managers.
Hard NIGO's are resolved with the assistance of the HNW specialist assigned to the case.
What type of AVP Transfer requires no contract?
Out of Province (transfer between $50,000.00-$200,000.00 for lump sum payments)
What amount of IIROC/MFDA assets are not included in the Investment AVP ?
Assets under $10,000 for IIROC
Assets under $50,000 for MFDA
What provinces have additional requirements for cancelling insurance licenses?
British Columbia and Ontario
It is best to save your reports under which tab?
Private
How do you determine the Family Group Aggregate for HNW
From client view on Transact, click on More dropdown and select Family Group Assets
What is required when the qualified assets transferred to a single new servicing Consultant are under $200,000 for any AVP situations.
Email approval from Field Compensation Program mailbox
For Insurance AVP
The relinquishing Consultant will be paid ___ of renewals.
The new receiving Consultant will receive __ of renewals
Relinquishing consultant will be paid 60% of renewals.
New receiving Consultant will receive 40% of renewals
True or False, an associate no longer has to mirror the same licenses as their lead advisor?
True
True or False, to export from BI-Launchpad it is recommended you leave the file as PDF?
False
What needs to be put in the subject line of the email when contacting CAMSS regarding a HNW deposit?
You need to indicate Urgent HNW cheque, client's name, Client number and Account number.
When is Modified IGSI AVP Contract used ?
The MODIFIED contract is for AVP's where the total amount being transferred is between $200K-$500K
What are the steps to transfer clients to the Corporate Channel ?
Consultant pulls eligibility report from Advisor Portal, once clients are selected on the report, sends the list to IG Wealth Connect
IG Wealth Connect teams will move clients to new Corporate advisor
IG Wealth Connect sends eligibility report to Manager RO Operations once all clients have been moved. =
How many licenses are entered for an Alberta PWM Consultant?
6
When running the Commission Split Report, you should choose which start date?
One day prior to running the report