Transact Online continues to evolve, and this month’s release includes several significant improvements highlighted below.
Add Bank Account on TOL
We have introduced a new ‘Add Bank Account’ feature on TOL. This useful addition gives instant bank detail verification and automatically generates a prefilled form for clients to check and sign. The form can then be sent to us via the ‘Upload documents’ function and you’ll know that money can be immediately withdrawn from the portfolio and placed in the account. This new feature reduces delays, cuts down rework, and gives you more confidence that everything is correct first time. First, choose the client, then add the bank account details.
How to set up multiple transfers from the same provider into one wrapper
We have made it much easier to handle multiple transfers from the same provider. You can now bring those multiple transfers, under different account numbers, into a single Transact wrapper without the need for workarounds, such as setting up sub wrappers. This makes it quicker and simpler to illustrate and set up client portfolios, including cases where a transfer is split across different investment strategies. Choose the wrapper and then add the contributions and investments.
Please contact your Adviser Support Manager (ASM) or Business Development Manager (BDM) if you would like more information - their details can also be found under Contact on Transact Online.