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Account Groups

Account Groups will automatically calculate ratios and allocate order shares to a pre-defined group of accounts based on the selected allocation method. When you create an order and choose a group, the order uses the default method to allocate shares amongst the accounts in the group.

To create an Account Group

1. On the Edit menu, select Global Configuration.
2. On the Configuration screen, click Advisor in the left pane to expand that selection, then select Account Groups.
3. Click the Create button on the right side of the window.
4. Enter a Group name. Do not use the name "All" since this is reserved by the system.

Note: You may want to include a prefix such as "AG" in the name to identify the choice as an Account Group when it appears in the order selection list.

5. Select a default allocation method. You can change the allocation method for each order. Select from one of the following:

PctChange - This method increases or decreases an already existing position by the specified percentage. Do not specify an order size. The quantity is calculated by the system and is displayed in the Quantity field after the order is acknowledged. Positive percents will increase a position, negative percents will decrease a position.

Example 1: Assume that three of the six accounts in this group hold long positions in stock XYZ. Client A has 100 shares, Client B has 400 shares, and Client C has 200 shares. You want to increase their holdings by 50%, so you enter "50" in the percentage field. The system calculates that your order size needs to be equal to 350 shares. It then allocates 50 shares to Client A, 200 shares to Client B, and 100 shares to Client C.

Example 2: You want to close out all long positions for three of the five accounts in a group. You create a sell order and enter "-100" in the Percentage field. The system calculates 100% of each position for every account in the group that holds a position, and sells all shares to close the positions.

AvailableEquity - This method distributes shares based on the amount of equity with loan value currently available in each account. Requires you to specify an order size. The system calculates ratios based on the Equity with Loan value in each account and allocates shares based on these ratios.

Example: You transmit an order for 700 shares of stock XYZ. The account group includes three accounts, A, B and C with available equity in the amounts of $25,000, $50,000 and $100,000 respectively. The system calculates a ratio of 1:2:4 and allocates 100 shares to Client A, 200 shares to Client B, and 400 shares to Client C.

NetLiq - This method distributes shares based on the net liquidation value of each account. Requires you to specify an order size. The system calculates ratios based on the Net Liquidation value in each account and allocates shares based on these ratios.

Example: You transmit an order for 700 shares of stock XYZ. The account group includes three accounts, A, B and C with Net Liquidation values of $25,000, $50,000 and $100,000 respectively. The system calculates a ratio of 1:2:4 and allocates 100 shares to Client A, 200 shares to Client B, and 400 shares to Client C.

EqualQuantity - This method distributes shares equally between all accounts in the group. Requires you to specify an order size.

Example: You transmit an order for 400 shares of stock ABC. If your Account Group includes four accounts, each account receives 100 shares. If your Account Group includes six accounts, each account receives 66 shares, and then 1 share is allocated to each account until all are distributed.

6. The list of accounts in the Non Group Accounts section includes all accounts available to you. To add an account to the group, select a Non Group account and click Add.
7. Click OK to save the group and its settings.