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Maintaining Accounts: The Account Settings Panel

Contents

Introduction

Account Settings

Account Settings

Objective

Advisors

 

Introduction

When you're initially setting up an account, the Account Settings panel gives you access to view and edit basic account information. 

Completing this information allows you to sort accounts by these parameters in the future. For example, you can used Saved Searches or columns on the Accounts page to see accounts that all share the same objective, or accounts that all closed within a certain date range.

You can edit the following settings on this panel:

Account Settings

You can access these settings under Accounts. Click on the account you want to edit. Under Settings, click Account.

The following account configuration settings are available.

Account Settings

Setting Information
Account Number

This read-only field identifies the account. This field can be edited in the portfolio accounting system (PAS).
Account Type

This setting allows you to specify the type of account, e.g. IRA, 403(b), etc.

Custodian

This required setting lets you type the name of the broker or custodian for the account.

Taxable

This setting designates whether the account is taxable or non-taxable.
Discretionary

This setting allows you to designate an account as a discretionary. This setting is used primarily for reporting purposes, though it can impact trading activity in non-discretionary accounts, depending on your system settings.

Allow Rebalancing

This setting designates whether or not you want the account to be included in the nightly sync with Tamarac Trading.
Reconciliation Status and Last Reconciliation Date

This read-only field shows whether an account is currently reconciled, force published, unreconciled, or missing.
Enable Amortization Calculation Enabling the amortization calculation will cause the system to ignore the amortization transactions generated in the portfolio accounting system.
Performance Inception Date

This read-only field shows the date in which Tamarac Reporting begins calculating performance for an account.
Closed Date

This setting shows the date the account or group was closed.

Objective

Setting Information
Objective This setting lets you specify the objective for the account, such as growth or aggressive.

Advisors

Setting Information
Advisors

This setting lets you choose the advisors for the account. This is separate from Service Teams.