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Client Status
This setting allows you to designate various statuses for the clients associated with a Household. Statuses are mainly used to designate primary and secondary owners for the MoneyGuide integration and the Salesforce with Financial Services Cloud Tamarac integration.
For more information on setting the client status for MoneyGuide, see Set Client Status for MoneyGuide Linked Clients.
To integrate with MoneyGuide, at least one client must be assigned as Primary to the Household.
The client statuses have the following impacts in MoneyGuide:
<None>: Client is not exported to MoneyGuide.
Primary: Client is exported as the default primary client in MoneyGuide.
For new Households, the primary client is assigned automatically based on the order clients are added to a Household. The first client added is designated primary by default.
For existing Households, the primary client is assigned alphabetically to clients already in the Household.
If you assign two clients as Primary in one Household, the first one alphabetically will be sent to MoneyGuide. The other Primary Tamarac Reporting client will not be sent to MoneyGuide.
If you have only one client in a Household, that client will automatically be designated Primary. You will not be able to remove that client from the Household until another client is added and designated Primary.
Secondary: Client is exported as the Co-Client. Secondary is an optional designation not required for integration. Only one client can be designated as secondary at a time.
Child, Grandchild, Trust, or Other Beneficiary: Client is exported to MoneyGuide as a the corresponding type of participant. For example, if you mark a client in the Tamarac Reporting Household as a Child, a Child record will be created in MoneyGuide.
If you use Salesforce Financial Services Cloud and you started using this integration after March, 2021, to see Tamarac data in financial accounts, you must set the Client Status to Primary for the client who owns the financial account. That client record must be a member of the Household and must also be linked to Salesforce.
For more information about client status and the MoneyGuide integration, see Introduction to the MoneyGuide Integration.
For more information about the Salesforce Financial Services Cloud integration that uses this field, see View Financial Accounts in Salesforce Financial Services Cloud.
For more information on clients in the Household, see The Clients Panel.