Accounts and orders

Accounts are where a client's money sits; orders are how it gets there. The platform has both built in, so advice does not stop at a recommendation:

• Accounts — hold the client's positions and cash. Each account carries the vendor it came from and an external ID, so it matches the account in your own systems, and it can be linked to the goal it serves.
• Mandates — the terms an account is managed under, for discretionary clients.
• Saving plans — the client's recurring contributions into an account, and the products they go into.
• Orders — generated from the advice: each product with its target amount, buy or sell, and a status as it is executed.
• Wrapper types — decide which account a product can be held in, so the platform allocates products to the right account automatically.

When the client signs, the flow produces all of it in one step: the account is created or updated, and the orders, the saving plan and any recurring orders are generated against it.

Each client can own one or more accounts, which you use to follow the client across the life span of the relationship.

Accounts and orders are built to meet the systems you already run, in both directions:

• Accounts in — an account can be created by a flow in the platform, or mirrored from your portfolio management system with its positions and cash. The vendor and the external ID on every account keep the two matched.
• Orders out — orders are available over the API to whatever executes them — an order management system, a custodian, or your core banking platform — and each order keeps its status, so the outcome of the advice stays visible on the client.
• Movements in one place — your advisors follow and manage account movements where they already work, rather than in a separate system.