Trading
What is the name of our trading systems that replaced FIN?
GWP (global wealth platform) & TPS (training portfolio solutions) which is provided by CRD
"I want to buy 10 shares of TSLA and put in the client supervised portion of my account"
How do you go about this?
1. confirm cash is available in CSUP, if it's not, cash reserve needs to be placed to raise cash
2. submit CDB under cash and trade request, clicking that it is to be purchased and held in CSUP
TANDEM REQUEST
If your "cash and trade request" says it's completed or closed, does that mean trades have occurred?
No, not always. It means it's passed along all information to TPS/CRD
What is a CTV and what's the overall point?
Custodian transaction verification. It is saying some change has occurred at the custodian and we need to post it on our side so that SF is accurately reflecting the custodian.
What's the famous Sir John Templeton quote we use often?
Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.
Charles River Development
The client requested we buy 45k shares of SWVXX and hold in CSUP. We purchased it and it was immediately sold. What should have been done?
1. CSUP request + cash and trade to make sure cash available
2. Place a DNS on this position or a "no sell" NOC
PMG request
How are cash reserves handled for periodic withdrawals?
Cash reserves no longer need to be bought or sold, this will now be automated
What do I do when I can't find my AMN report or other reports loading in SF?
Clear cookies/cache
Who is the Chair of the Federal Reserve of the United States?
Jerome Powell
Where can you find if there are pending orders in an account?
Click into the account in SF -> Summary -> Key portfolio and trading information
If you are selling stock in CSUP, where does the cash from the proceeds default to?
CSUP
If you need intraday trades for a distribution, how should you submit this?
If you need intraday trades for a distribution, in the Distribution request flow you should select “No” to the question “Do you want to automatically raise cash for this distribution?” and submit a Cash and Trade Request, being sure to select Intraday for timing.
Cash raise, distribution, or CDT in taxable accounts could trigger what?
FAST REBALANCING with new trading systems. Discuss total unrealized gains in the account with client to determine whether to NOC or place mandate on account
When was the last time there was a government shut down?
If a client approves a PEG recommended cash raise, how do I go about making sure the cash gets raised?
By clicking the "accept" recommendation button in Suit Wiz, trades will be triggered next day automatically.
If you submit a cash and trade request, you will be double raising cash.
How do you move cash from CSUP over to managed so it's invested with our strategy?
By zeroing out the cash balance within a "cash and trade" request
A client mandates we SELL securities and then "Hold in Cash" - what is the only way to make certain we don't just turn around and spend the cash?
IC adds a "DO NOT BUY" order code.
Important to remove it once they are done with whatever the cash was intended for
Client makes a 100k deposit to pay down a LT margin balance. How should the IC route the CTV?
CTV should be routed as "verified" and "yes" for "margin". The systme will adjust the cashset category accordingly. No need to submit another case to adjust the margin cash category.
If you mark no for margin, you'd have to manually adjust cash reserve
Our original forecast for 2025 outlined three potential outcomes. In mid-January, we updated our forecast. What was that update and what was the thought process behind it?
We forecasted a 'great' year as it was so widely dismissed, and it would emerge if things went modestly better than expected, particularly in Europe. Sentiment over the economy and political was darkened, so it wouldn't take much to beat expectations.
How do you submit an asset allocation mandate?
If you are working on a NAER and the client says they want to keep 100 shares of Apple in CSUP prior to clearance, how do you do this?
Submit all requests BEFORE clearance
-cash and trade request to move position to CSUP
If assets left from a managed IRA to a Roth IRA as a Roth conversion, how do you route the CTV "response"?
Re-registration. NOT verified
When an IC receives a PEG recommended cash raise in the month of December for a trading client's taxable account, when should the IC deliver the rec and when should the cash be raised?
Deliver ASAP to client but with the expectations that cash will not be raised until the new year.
IC will need to delay SW ticket approval until after Jan 1.
What is the "New Scenario 4" regarding Tariffs?
Non-US Actions Free Global Trade Further
- Non-US Nations banding together not to retaliate, but to boost trade among themselves.