Set up a series of transfers

The goal of a phased implementation is to handle situations when a client is transferring funds to your possession over an extended period of time. To build portfolios that accurately support the plan, these ongoing transfers / deposits should be accounted for in the plan.

1. Create the plan
2. Capture each transfer as a planned deposit
3. Trade the deposits as they come in

Step 1. Create the plan

Like any other plan, acquire as much detailed information as possible regarding your client’s retirement plans and goals, current assets, future sources, planned savings, etc.

Step 2. Capture each transfer as a planned savings deposit

For example, if a client will be transferring $200,000 from their 401k into a rollover IRA and $45,000 from their checking account into a joint non-qualified account:

Tip: Enter each of these amounts as a one-time occurrence and enter the expected month when the funds will transfer. The amounts you enter typically do not track CPI.

Once you have finished creating the plan and captured all future transfers as savings items, you can Activate & Execute the portfolio.
(Account setup > Open right-hand trade panel > Activate and Execute).

Step 3. Trade the deposits

For example, if the client ends up transferring $44,588 into their Joint Non-Qualified account

1. Manage/review > Trade a deposit (not pictured)

2. Check the box if all deposits for this account this year are complete.

3. Ensure the amount is accurate and click Execute Transaction.

   

4. In the next pop-up window, click Export internal to download an Excel file of the calculated trades.

   

5. Place the trades

6. Repeat steps #1-5 for subsequent deposits until all transfers are complete.