We have divided this course in two to address both trading and CRM. This course deals with an introduction to Trader Workstation (TWS) for Advisors where you will learn how to navigate TWS, monitor your clients’ and your firm’s aggregate positions. We show you how to trade for an individual client and for several (or all) clients at a time. And we introduce the Order Allocation Tool, which really gets to the heart of order management. You will learn to build Model Portfolios, how to allocate clients’ money to a Model as well as how to rebalance a portfolio. We also show you how to navigate the Tax Harvester Tool enabling you to run your individual client’s portfolio efficiently.
Rebalance Portfolio for Advisors
Navigating the TWS Advisor Setup Window
Order Entry for Advisors
TWS Allocation Order Tool
The Trader Workstation Allocation Order Tool allows an advisor to quickly and accurately allocate a single trade in stocks, options, futures, or future options into their clients’ accounts. Advisors can narrow down the list of eligible accounts by using a variety of filters and choose the allocation method prior to submitting the trade.
TWS Model Portfolios
How to Rebalance and Divest a Model
Reallocate for Advisors
TWS Tax Harvester for Advisors
The Allocation Order Tool Tax Harvesting feature helps Financial Advisors to preview potential losses on stocks for their clients. Advisors can choose to search for short term, long term , or either loss and create orders to harvest those losses. The tool allows Advisors to pre-allocate the trade lots for multiple accounts at once.