Reinvest to New Account

We have an investor who wants to reinvest a maturing investment, but he wants it set up to a new account that includes his spouse. He also wants to add funds to the original amount. How do we do that? (IL200XFER and IL210)

There are three things that you will want to do in this case:

• Create the new account. For instructions on how to do that, reference the Account Entry page

• Perform a Transfer and Payout of the investment from the old investment & account to the new investment & account. For information on how to perform a Transfer and Payout, reference the Transfer and Payout page. This will transfer the balance from the old investment to the new

• Process the additional funds as an investment purchase through Cash Processing. For instructions on how to perform an investment purchase, reference the Purchasing an Investment page

Please note that when you perform an inquiry on the new investment, the original balance will equal the amount of the funds that you processed via Cash Processing, NOT the amount of the transfer. This is because the Investment Purchase process affects the Original Balance field, but the Transfer and Payout process does not. If you wish to modify the Original Balance amount, you can do so by using the Investment Maintenance screen. For information on how to use that screen, please reference the Investment Maintenance page