Back Home > Advisor View > Accounts, Groups & Households > Aggregated Accounts > Workflow: Add Linked Accounts to Tamarac
|
Back |
Home > Advisor View > Accounts, Groups & Households > Aggregated Accounts > Workflow: Add Linked Accounts to Tamarac
|
Workflow: Add Linked Accounts to Tamarac
This workflow provides step-by-step details for how to add linked accounts to Tamarac, including where you'll see the accounts and how to maintain them.
In order to add linked accounts to Tamarac, your firm must be enrolled in the Yodlee integration. For more information, see Yodlee Integration.
Your user must have permissions to see and use the Aggregated Accounts page. Learn More >>
|
1. |
Link Accounts On the Aggregated Accounts page, use your advisor credentials to link all the accounts you manage at an institution, or use client credentials to bring in balance-only or reconciled accounts. Learn More >> Learn more about steps for linking accounts throughout Tamarac:
|
|
2. |
Convert to Reconciled Accounts Convert applicable balance-only and advisor permissioned data (APD) accounts to be reconciled accounts. Balance-only accounts are treated as assets or liabilities while reconciled accounts can be used in all holdings, transaction, and performance reports. Learn More >> NoteAccounts are converted during your nightly sync. It can take up to 24 hours for balance-only accounts to convert to reconciled accounts. |
|
3. |
Update Reporting Groups and Households Once a reconciled account appears on the Accounts page, add it to the appropriate reporting groups and Households to include that account in the client's reporting package. Learn More >> |
|
4. |
Edit Assets/Liabilities For balance-only accounts, update the net worth category, taxable status, primary owner, and other details to make sure those accounts display correctly on the Net Worth report.
|
|
5. |
Set Up the Client Portal (optional) Create an Assets/Liabilities page for the client portal and enable linking for clients so they can maintain their own credentials. Learn More >> |
|
6. |
Report on Linked Accounts See balance-only accounts on the Net Worth report as assets or liabilities. Learn More >> Include reconciled accounts in your regular dynamic and PDF reporting. Learn More >> |
|
7. |
Maintain Linked Accounts When client credentials change or a financial institution changes its login procedures, linked accounts may become stale. Monitor link status and resolve credential issues. Learn More >> |
Learn more about linked accounts: Understanding Linked Accounts
Learn more about the Aggregated Accounts page: Using Views and Filters on The Aggregated Accounts Page
