Setting up a Trust as Investor

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One of our investors has set up a Trust, and would like the investments to be owned by the Trust. How do we set that up in the system?


The best way to configure that within DDI-Connect is to set up the Trust with a constituent record and account, and then link the Trustee(s) using the relationship of TRUSTEE.


Set Up Constituent Record(s)

  • Go to Name/Address Entry and add a new constituent record
  • Click New
  • When the "Select Account Type" box appears, select Organization:


Trustee 1.png


  • When the Name/Address Entry screen appears, enter the Trust information. Make sure you enter the Tax ID, since the Trust is going to be configured as the owner of the investment(s).


NOTE: If desired, set up an AI code for Trusts. That way, you have the ability to filter reports and extracts against trusts

  • Your organization should look something like this:


Trustee 2.png


Next, you'll add the trustee. Before you begin, double-check your Relationship codes and make sure that you have a relationship code configured for Trustee


  • From the Constituent Window, click Menu and select either Add New Constituent or New Relationship
    • If the trustee already exists as a constituent within your database, you will select New Relationship
    • If the trustee does NOT exist in your database, you will select Add New Constituent


Trustee 3.png


  • When the popup appears, select the relationship code you configured for Trustee in the Relationship field:


Trustee 4.png


  • Enter the information for the trustee
  • Click Save
  • When you look up the Trust, the constituent record should look similar to this:


Trustee 5.png


Set Up Accounts

Now that the constituent records have been added, you'll set up the accounts.


  • Click the New button
  • When the "Select a Constituent" button appears, key in the PIN for the Trust, or click the search icon to locate the constituent record:


Trustee 6.png


  • When the information populates the screen, click Create and select New Investment Account:


Trustee 7.png


Once the investment account has been created, you'll add the Trustee to the account.


  • Click the Constit button on the toolbar and select Add new constituent:


Trustee 8.png


  • Type in the Trustee's PIN or click the search icon to locate the constituent record:


Trustee 9.png


  • Click OK. Your screen will now look something like this:


Trustee 10.png

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