Establish new accounts in system so they can be seen by Advisor or staff
Aid Advisor or staff in ensuring proper documentation required for account establishment is provided
Ensure new paperwork is received by and executed by custodian
Follow up on transfer requests to ensure assets are received and delivered by resigning custodian
Provide updates as needed so Advisor and/or staff can be aware of status
Ensure funds/assets received by custodian are posted to the account properly
As documents are scanned into LaserFiche, create individual client folders and post scanned documents into proper accounts
Trading Activities
As cash and assets arrive into new and existing accounts, trade upon funds according to the investment model Advisor has chosen or custom designed
As fund/investment changes are made, ensure those trades are executed
Liquidate assets proportionately according to model to free up cash for redemptions, fees, and systematic withdrawal requests
Execute stock/bond and/or annuity trades as necessary or as requested by Advisor and/or staff
Daily Activities
Update prices
Receive updated transactions and ensure proper posting to accounts
Inform Advisor and/or staff of any requests received by custodian
Follow up on activities that require attention
Ongoing Activities
Provide quarterly billing information to Advisor
Provide quarterly billing statements to Advisor
Deduct quarterly fees from client accounts
Review accounts quarterly to ensure they are invested according to their investment model
Provide annual Realized Gain/Loss Reports and Estimated 1099 Dividend information for taxable accounts
Training
Provide operations training and assistance to Advisor and staff on software applications such as Advent, LaserFiche, LaserApp, and other software as needed
As new products are released, provide training on any new applications to Advisor and staff
“FocusPoint’s systems will allow me to grow to about 125 relationships or $35-40 million without needing to add staff.”
