Types of Direct Business
This type of account offers lower ticket charges, confirmation fees, and/or inactive account fees for the client.
What is a Direct Business account?
This screen displays the required documents that are needed to open a Direct Business account.
What is DOCA?
When there is a dormant account that needs converting, the advisor will first receive...
What is a notification?
This is the timeframe in which an advisor can expect a networking request to be completed.
What is 10-14 business days?
You may hear these three other key terms when describing a Direct business account.
What is Shell, Outside Investment and Contra Firm
This BETA screen allows you to view a Fund Account number.
What is FIDO?
This Standard View tab allows you to view all of the dormant accounts that need to be converted into Direct Business accounts.
What is Dormant Account Review?
When processing a networking request, these are the three items that must match at LPL and the sponsor company.
What is Registration, Rep ID & SSN?
This type of account is established when LPL receives information from the sponsor company that there is a position open for a particular client.
What is a Dormant Account
This product class code is for outside investment Retirment accounts.
What is QOI?
This button/option is used to submit a Networking Adjustment Request in ClientWorks
What is the Online Request Tool?
The advisor has this amount of time to convert a dormant account into a direct business account.
What is 30 Days?
The following are the different types of investments that can be held within a direct business account.
What is Annuities, Mutual Funds, Insurance & Alternative investments?
This BETA screen will provide you the description of a CUSIP/ticker symbol.
What is SURF?
When converting a dormant account, you will use this feature/tool in ClientWorks.
What is the Convert Account 2.0 tool?
When networking Annuities, a way that you can assist your advisor is to guide them to this Resource Center page.
What is the Annuity Entry Portal?
This program allows IARs registered with the LPL corporate RIA to utilize approved third-party institutional money managers to manage client assets off-platform.
What is a TAMP Program?
This Network Level within BETA informs us that the fund company handles all underlying customer communications.
What is NLEVEL 4?
You will use this feature in ClientWorks to combine all direct business accounts that are under your advisor's rep ID.
What is Quick Views?
These 3 items are all required information points when processing a Network Request for a Mutual Fund.
What is the Cusip #, Fund Account # & Position Description?