Applies To:
- All Portfolio Managers, Advisors, Wealth Planners, and support staff.
- Eligible account types: Cash accounts, Joint accounts, Margin accounts, TFSA, RRSP, RESP, RDSP, FHSA, RIF, LIF, LIRA, and Trust accounts.
You can submit a Residual Transfer-In Sweep request from a client’s CRM Contact Record. Use the instructions below to ensure requests are processed correctly and all necessary information is provided.
When to Submit a Residual Transfer-In Sweep Request
- A client has residual amounts remaining after a transfer from an outside broker.
- The remaining residual funds need to be transferred into the client's Optimize Account.
- A partial transfer form an outside broker has occurred, and the remaining funds need to be swept into the client's account
How to Submit a Residual Transfer-In Sweep Request
To submit a Residual Transfer-In Sweep request, you'll use the Service Extension on the client's CRM Contact Record.
How to Submit a Residual Transfer-In Sweep Request
- Navigate to the Client's CRM Contact Record
- Go to the Servicing Tab
- Select "Account Administration → Special Handling
- Select "Residual Transfer-In Sweep" as your request type
- Select the Target Account
- Select the Relinquishing Institution from the dropdown list
- Enter the Relinquishing Institution Account Number
- Review & Submit
- Once you confirm the details, click Submit to create the service request ticket
After Submitting the Request
A new service request ticket will be created. You can locate it:
- In the Right-Side Panel of the client's CRM Contact Record under Tickets.
- In the Account Administration Pipeline, where you can track the progress and confirm when the request is completed.
Processing Times
- Typically 3-5 business days after the ticket has been submitted and completed any applicable review.