This guide provides key information on how to create a JISA application on the Portal.
To begin the Application process, select the Investor record of one of the Parents then click on New in the Application section on the right of the screen. If the Investor has existing Accounts then this option will appear underneath these.
Now select the product required and Start Application. The applicable Child details are added at a further stage and not selected from this screen.
The Application process can now be completed as per the following steps shown. Additional Steps may be added based on account specifics e.g. Account Designation required. Navigation through the process is via the arrows in the top left of the screen.
During completion, previous Steps in the Application process can be returned to and updated. The Application can also be Saved and returned to later or Cancelled at any point in the process.
If any required fields are not selected or completed correctly this will result in an error message and error specific guidance as shown. The error must be rectified before the process can continue.
Application specific options can be selected and a bank account nominated. Linked Bank Account details for the Investor (the Parent) will be available under the Existing Banks dropdown.
Advisor Details and Capacity are required fields here. Bank Details are not mandatory here and can be added later in the process.
If the Investor has not been previously confirmed to Receive Electronic Communications then a further prompt will appear here to confirm along with their Email Address.
Confirmation that any single or regular subscriptions made are a gift must be checked here.
If the Child is already on the Portal then selecting Yes will provide a search box to locate and select them, otherwise the Child details can be added here with mandatory fields shaded as shown below.
Any amount added to this application must be represented as a contribution on this page. At least one contribution must be added to proceed.
Investment Style will typically be Single Investment however phased investments are also supported. Q: Can a DDM be set up within a JISA from the Grandparents' bank account?
A: Yes, we can accept contributions (both single and regular) from the Grandparents' bank account. For a regular contribution, the bank details would need to be added by ourselves, including an AML check, as a secondary bank account that we are able to receive funds from.
If this is required please request via Freshdesk.
Advisor Annual Charges and any Contribution Charges should be completed here either as a %age or monetary value.
Additional Charges can be added through Add New and then updated accordingly.
The Model for the Application must be selected here from the options available. Once selected the Instruments and Allocation % will be shown.
Natural Income Options will be selected here.
Income reinvestments will occur on the nearest working day to the 21st of the month.
When Reinvest Income is chosen, the system will also look for and invest any surplus cash (cash that is surplus to that held back for fees (buying power) and that held in a ring-fence or phasing arrangement).
See the relevant guides for information on these subjects.
The Summary is the midway point. The Application has been part completed and can be saved at this point if required, perhaps awaiting further information/confirmation, then returned to a later point.
Application and Illustration PDF documents can be captured, printed or viewed here.
If Account Designation Required was selected at Step 1 then the Designation Details should be completed here. The Designation appears as a flag only and does not drive any further functionality.
Designation would appear as Step 8 if selected but is not applicable to our example.
Bank Details of one of the Parents should be completed here if not done so earlier. Bank Name and Address is not mandatory information for the Portal.
This screen shows the details the Investor will use for payments in where applicable. This information is also on the Application PDF but can be noted here if required.
Declarations will populate based on the Application details, with the check boxes completed for Confirmation. The example shown includes the Target Market Declaration.
Declarations will be captured on the PDF output produced.
The final Step is the Account creation stage. The Application and Illustration PDF documents can captured, printed or viewed again if any changes have been made since the Summary Step.
If awaiting final confirmation the Application can be saved at this point otherwise Create Account should be selected if User access permits otherwise this option will show as Send for Authorisation.
Once created the new Account will show on the Investor Global View screen for both the Registered Contact (the Parent) and the Registered Owner (the Child). A Restricted Actions marker will show on the Account for the Child as they are a junior.
If applicable, documents such as Transfer authority forms and acceptance letters should now be added manually to the Portal thought the Upload Document icon in the Document Vault.
See the Portal Documents guide for further details.
Selecting the All Account Actions cog icon allows information to be viewed and Amendments processed for this Account.
Menu options available for the JISA in this section are shown below. See separate Amendment guides for further detail.
For Internal Use Only:
Business Owner Team: L&D Support
Business Owner Contact Details: L&DSupport@uk.sscinc.com/Keri.Binks@uk.sscinc.com
Note: All Knowledge Base updates are approved by the Business Owner.
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