Custodian Requirements for Assigning First Ascent Sub-Advised Models

The Oranj Platform currently supports sub-advised models for accounts held at TD Ameritrade, Fidelity, and Charles Schwab. Please see the below instructions for setting up your firm and accounts to be managed by a sub-adviser through the Oranj platform. First Ascent will get in touch with you after your request has been submitted to help manage this process, however you can always email them at clientservice@firstascentam.com with any questions.

TD Ameritrade

Shared Rep Code Set Up

Advisers are required to establish a shared rep code for each new sub-adviser relationship. You will need to submit a “Managed Account Addendum” form to the Managed Accounts Service team (instserv-map@tdameritrade.com) and request to have a shared rep code established. This form can be found by logging into your Veo account. Once you have received your shared rep code, you will need to apply this rep code to your Custodian Settings for your TD Ameritrade accounts. The following steps will walk you through the process:

  • Start by selecting “Admin” from the main navigation panel in Oranj.
  • Select "Custodian Settings", then click the “Settings” button located on your TD Ameritrade Custodian card.
  • From here, you can add your shared rep code for each relationship that you have established with Sub Advisors supported by the Oranj platform.

Receiving and Submitting Documentation

Once you have established and stored your shared rep code, you are ready to begin assigning products offered by sub-adviser partners within Oranj. When you apply a product from a sub-adviser to a TD Ameritrade managed account, we automatically submit a request with your and the specified account’s information to the sub-adviser for review and processing. Your client will be required to fill out a TPIMA or LPOA document to TD Ameritrade and submit the completed document TD Ameritrade and the sub-adviser. Please contact the TD Ameritrade Managed Accounts Service Team to receive the proper documentation and instructions for submission.

 

Charles Schwab

Receiving and Submitting Documentation

Before your managed accounts can be assigned to a sub-advised model, your firm will need to set up a Managed Master Account. If you have not set up one, please contact your service team who will assist in this process.

For the sub-adviser to begin managing the account, your client will need to fill out specific paperwork which differs if they have or have not previously worked with a money managed/ sub-adviser.

  • If your client has not worked with a money manager before, they will be required to submit a Limited Power of Attorney (LPOA) document.
  • If your client has worked with a money manager before, they will be required to submit the Add/ Change Form.

The completed document will need to be submitted to Charles Schwab and the sub-adviser. The sub-adviser will begin managing your managed account once they receive a copy of the required document.

Fidelity

Receiving and Submitting Documentation

For the sub-adviser to begin managing the account, your client will need to fill out specific paperwork which differs if they have or have not previously worked with a money managed/ sub-adviser.

  • If your client has not worked with a money manager before, they will be required to submit a New Account Application document.
  • If your client has worked with a money manager before, they will be required to submit the Terminate/ Replace Form.

You can find these documents from the WealthScape portal and you can also contact your relationship manager at any time to assist you in receiving the required documentation. The completed document will need to be submitted to Fidelity and the sub-adviser. The sub-adviser will begin managing your managed account once they receive a copy of the required document.

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