Closing Financial Accounts

When you need to close a financial account, Tamarac’s best practice is to maintain details about when and why the financial account is terminated. This allows you to create an advanced find to view closed financial accounts and easily see when and why they were closed.

Managing Terminated Clients

In Tamarac CRM, you can easily capture and report on this information. To make your audits faster and easier, the Compliance Clients—Terminated This Year report view on the Accounts page lists all the clients that were terminated for your firm in the current year.

Manage Client Divorce

When clients divorce, learn more about managing accounts when both remain as clients or when only one remains as a client.

Managing the Passing Away of a Client

When you have a client pass away, you will need to update the client’s information. Updating the appropriate information in Tamarac CRM allows you to avoid sending emails to your deceased client or including them on any information sent to the surviving spouse.