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Adding Advisor and STL Accounts to an Advisor or Multiple Hedge Fund Account

If you are a Registered Investment Advisor or a Multiple Hedge Fund Investment Manager, you can add the following types of institution accounts to your account structure from your master account.

Advisor - For Registered Investment Advisors that gather and manage other Advisors. For example, the second-level Advisor is a member of the same firm as the top-level Advisor, and has complete access to the client accounts that he or she manages. Another example is the second-level Advisor who is independent but works with the top-level Advisor.
Proprietary Trading Group Separate Trading Limit (STL) - For Advisors that want to run multiple trading strategies for the same customer.
Multiple Hedge Fund

These institution accounts can have their own client, sub or fund accounts, making your account structure a three-level account.

Note: Friends and Family Advisors who are unregistered cannot add Advisor, STL or Multiple Hedge Fund accounts to their own Friends and Family account structure.

For detailed rules governing three-level Advisor/Hedge Fund accounts, see Rules for Three-Level Advisor Accounts.

Adding an Advisor Account

To add an Advisor to your Advisor account

Click Manage Clients > Create and Link Accounts > Create > New.
Click Client Invitation to send an invitation to initiate a fully electronic application process. Currently, only fully electronic applications are available for adding an Advisor to an Advisor or Multiple Hedge Fund account.
The client begins his or her application by selecting Financial Advisor as the account type, and then completes an Advisor Account application. Financial and trading criteria are applied separately at the Advisor and Advisor client levels.
After the Advisor application has been approved, the second-level Advisor can log into Account Management with his own username and password, and then add one or more client accounts on the Manage Clients > Create and Link Accounts > Create > New page. Top-level Advisors cannot add client accounts to the second-level Advisor account.

Adding an STL Account

To add an STL account to your Advisor account

Click Manage Clients > Create and Link Accounts > Create > New.
Do one of the following:

Click Client Invitation to send an invitation to initiate a fully electronic application process.
Click Electronic Client Application to start the semi-electronic application process.

If you selected the fully electronic application, the Client Invitation page opens. Complete this page, including entering the name and email of the applicant, and then click Continue. The invitation will be sent to the email address you enter and the client completes the application.

If you selected the semi electronic application, you will be prompted to selected the account type for the new client. Select Institution as the account type, and then click Continue. The account application opens. This client will be the Proprietary Trading Group STL Master user.

After the application has been completed and approved, the new client can log into Account Management with his own username and password, and then add authorized trader sub accounts to the STL account.

The STL and its sub accounts belong to the same beneficiary.

For more information