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Configuring Accounts

LeadCenter presents you with the Accounts feature to keep a consistent database and optimize your daily operations. You can use this feature to configure essential details like the total amount of funds involved, the account information, applicable tax type, etc.

You can set up one of the three account types based on your client’s requirements. The available account types are:

  • AUM – Assets Under Management
  • Insurance account
  • FPO – Financial Planning Only

Setting up an account

  1. Sign in to your LeadCenter account.
  2. Click on Contacts in the left navigation sidebar.
  3. In the search bar, type in the name of the contact you want to set up the account for and press Enter.
  4. Click on the three dots in the Actions column and select Create Account.
  5. You’ll be directed to the Accounts screen.
  6. You can configure settings according to the account type:

AUM – Asset Under Management

  1. Select AUM as the Account type.
  2. Click on the Account status drop-down and select the current status. *Note: The default Account status is Pending. However, you can change this to Issued or Cancelled as required.
  3. Check the box next to Yes in the Text qualified field if this account is taxable.
  4. Fill in the information in the following fields
    1. Account number: The unique identifier assigned to the account for tracking the investable funds.
    2. Amount: The actual amount that has been invested.
    3. Tax type: The tax type applicable to this account. For example, individual, joint, trust, or corporate.
    4. Select custodian: The financial institution responsible for the safekeeping of your client’s funds.
    5. Select AUM product: The specific product(s) where your clients funds will be invested.
    6. Writing advisor: The financial advisor taking charge of this account.
    7. Engagement signed date: The date when your client signs the engagement agreement outlining the terms and conditions of the advisory relationship.
    8. Application signed date: The date when the client signs the contract to open the account.
    9. Account funding date: The date when the funds are deposited in the account.
    10. Notes: Write down any other important details here.
    11. Received in bank date: The date when the funds were received in the account.
    12. Received in bank amount: The total amount received in the account.
  5. Click Save to confirm the account setup or Cancel to go back.

Additional information

You’ll see a click here link under certain fields. Click on this link to add the following field types:

Tax type Select custodian Select AUM product Writing advisor

Tax type

  1. Press the “click here” link under this field.
  2. Click the Add new Account Tax Type button in the top right corner.
  3. In the Name field, write the name of the tax type for this account.
  4. Click Save.
Tax-type

Select custodian

  1. Press the “click here” link under this field.
  2. Click the Add New Custodian button in the top right corner.
  3. In the Name field, write the custodian's name for this account.
  4. Click Save.
Custodian

Select AUM product

  1. Press the “click here” link under this field.
  2. Click the Add New AUM Product button in the top right corner.
  3. In the Name field, write the name of the AUM product for this account.
  4. Please note that only the Name field is mandatory. You can fill out other fields for the AUM product as required.
  5. Click Save.
AUMProduct

Writing advisor

  1. Press the “click here” link under this field.
  2. Click the Invite New User button in the top right corner.
  3. WA-1
  4. In the dialogue box on the screen, fill in the information for the user you want to add.
  5. WA-2
  6. Click Add User to confirm.

Insurance

To set up an Insurance account, follow these steps:

  1. Select Insurance as the Account type.
  2. Configure details like the AUM account except for the following fields:
    1. Select insurance company: The name of the insurance company which provides insurance products for the client’s account.
    2. Select insurance product: The name of the specific insurance product that you’ll select for this client’s account. For example, life insurance, health insurance, annuities, etc.
    3. Product age range: The eligibility criteria that your client must meet to be eligible for this particular insurance product.
    4. Contract issue date: The date when the insurance contract was issued to the client.
  3. Click Save to confirm this setup or Cancel to go back.

Additional information

You’ll see a click here link under certain fields. Click on this link to add the following field types:

Select insurance company Select insurance product Product age range

Select insurance company

  1. Press the “click here” link under this field.
  2. Click the Add New Insurance Company button in the top right corner.
  3. In the Name field, write the name of the insurance company for this account.
  4. Please note that only the Name field is mandatory. You can fill out other fields for the insurance company as required.
  5. Click Save.
Insurance

Select insurance product

  1. Press the “click here” link under this field.
  2. Click the Add New Insurance Product button in the top right corner.
  3. In the Name field, write the name of the insurance product for this account.
  4. Please note that only the Name field is mandatory. You can fill out other fields for the insurance product as required.
  5. Click Save.
Ins-Prod

Product age range

  1. Press the “click here” link under this field.
  2. Click the Add new Insurance Product Commission button in the top right corner.
  3. In the Select insurance product field, write the name of the insurance product for this account.
  4. Go on and fill out other fields for the product age range as required.
  5. Click Save.
Prod-ar

FPO – Financial Planning Only

To set up an FPO account, follow these steps:

  1. Select FPO as the Account type.
  2. Configure details like the AUM and Insurance account except for the following field:
    1. Account issue date: The date when the client handed the account over to you (the writing advisor) for managing the funds. It marks the beginning of the financial planning services provided to the client by the selected financial advisor.
  3. Click Save to confirm this setup or Cancel to go back.
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