Information for an investment account, bank account, or insurance policy is typically
updated automatically from an external system. However, you can also manually create a financial
account.
Required Editions
Available in: Lightning Experience
Available in: Professional, Enterprise, and Unlimited
Editions
On the Financials (Retail Banking) or Financial Accounts (Wealth Management) tab of the
client or household profile, click New in the section for the account
you want to create.
Enter the relevant information.
The Primary Owner can be a household member or an organizational entity. It can’t be a
household.
For an investment account, if your firm manages or administers the account,
select Managed. This setting rolls up the account balance to the
household's assets under management (AUM) field. If the account is an in-house product, make
sure that Held Away is not selected.
Save the information.
You can edit or delete a financial account from the Financials tab and Financial Accounts
tab.
If you created the financial account from the client profile and the client’s financial
account information is summarized at the household level, the account is visible in the
household profile. If the financial account is jointly owned, the full balance is displayed in
each account owner's profile.
However, if some or all account owners belong to the same household and their financial
account summaries roll up to the primary group, the balance is counted only once in the
summary calculation.
If the primary owner is an organization, the balance is included in the client’s household
rollup summary if Include in Group is enabled on the organization's
relationship with the client.
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