Client Transition Terms

Question 1

Compensation Sharing ID

Team ID / CSA

Answer 1

And ID that allows advisors to split commissions on an account. Allows the ability to service that account to all advisors on the CSA.

Question 2

Team ID

Answer 2

Allows sharing capabilities of metrics. Accounts are not assigned to a Team ID.

Question 3

Assignment

Answer 3

An account or group with a particular primary and/or servicing advisor.

Question 4

Thompson

Answer 4

Tool in which advisors place brokerage trades. Advisor-facing version of BETA.

Question 5

One and Done

Answer 5

The opportunity to fix something then and there.

1. BETA assignment
2. Life Events/Estate Settlement reassignment
3. DOCUMENTED Home Office Error

Question 6

Z003

Answer 6

Account restriction on BETA account.

Question 7

NBAB

Answer 7

Assigned to Home Office (BETA)

Question 8

Duplicate SSN/TIN Error

Answer 8

“Duplicate SSN/TIN; client already exists”

Generated when a client has an existing profile.

Question 9

NCAP

Answer 9

National Client Assignment Policy

Question 10

Fiduciary

Answer 10

Someone trusted to manage the account of someone else. (On behalf of minors, trusts, etc.)

Question 11

Trust

Answer 11

Legal agreement established by a grantor(s) to consolidate ownership of specified assets for a variety of reasons.

Question 12

Tust Account Household Grouping

Answer 12

Revocable - Grantors primary HSLD group.

Irrevocable - Separate primary HSLD group.

Question 13

RP

Answer 13

Registered Principal (AFG)

Question 14

FVP

Answer 14

Field Vice President - Oversee a group of branches and their FOTL’s.

Question 15

FOTL

Answer 15

Field Operations Team Leader