Back

Client Type Setting

Client Type lets you assign a category to the type of client relationship you have with that Household that corresponds with the client types you'll find on Form ADV.

Client Type then does two things: 

  1. This classification lets you see a breakdown of your client relationships by Client Type on the Compliance ADV report.

  2. Client Type adds or removes account values in that client relationship from some widgets on the Compliance ADV report depending on whether they meet the definition of separately managed account on Form ADV.

Important: Separately Managed Accounts

When used on the Compliance ADV Report, the phrase separately managed account is not associated with Tamarac account or security settings for a separately managed account.

Form ADV uses separately managed account to describe all accounts that aren't client types D through F. Tamarac uses separately managed account to describe a specific type of account, often an account managed by outside investment advisors, with some associated account and trading settings. The Compliance ADV Report does not use any of these settings when generating a report and only relies on the Client Type setting, found in Household settings.

For more information on compliance reporting, see: