Advisor Flipbooks

T R A I N I N G GU I D E 13 You can also choose to add the account to an existing Consolidated Statement. If you select Yes, you will then need to enter an account number within the existing consolidated statement to find the statement group. If a third-party statement is requested, you can select Yes and then enter the existing third party or create a new one. Once you have completed the third party recipient, you can select a frequency for the statement. If you enter an existing client or existing third party for a third-party statement, their personal information cannot be changed. If you enter a Prospect (a client created in this Digital Account Open tool who does not yet have an account at SEI), you will be able to modify their information. Finally, you will need to indicate if the client is Subject to Backup Withholding or if they are Exempt from FATCA withholding. Once you have completed this section, select Save and Exit. Beneficiaries TOD and IRA Beneficiaries are now available to be added from the Account Open page. They are the final item on the Account Open page. Based on the account type, when prompted, select the Start button. If you do not have a Beneficiary to add or will add them later, you can simply select the Defer button. The beneficiary page will ask you to identify primary and, if applicable, contingent beneficiaries. It will also request you to indicate a Designation, type and Percentages. Starting with a Primary beneficiary, make sure Primary is highlighted and select the Designation type. You can choose between Standard or Lineal Descendants Per Stirpes for a TOD account. The beneficiary section will allow you search for an existing individual in the name field by entering the name or at least the first few characters.

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