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Establishing a Fidelity Advisor Managed Account

Updated over 3 months ago

This article provides a step-by-step guide on how to open an Advisor Managed Accounts for your donor advised fund.

Invite Your Client to Join Give

To get started with opening an Advisor Managed Account, ensure the client has completed the set up of their Give account. Follow these steps to complete the account set up.

Complete the new account paperwork within the Fidelity DTE Tool

  1. Fidelity DTE Tool setup information

    1. Account Type: Corporation

    2. Will the new account be separately managed? =No

    3. Group Features? =No

  2. Business Information

    1. Entity Legal Name: GiveClear Foundation

      ⁃ Status of Business: Operating

      ⁃ Taxed as: C-Corp

      ⁃ TIN: 81-3222963

      ⁃ Country of Organization: USA

      ⁃ Legal & Mailing Address: 112 South Tryon Street, Suite 800, Charlotte, NC

      28284

      ⁃ Regulated Relationships: answer No to all

  3. Relationships: Add Authorized Individual

    1. Check There are no Entity Owners of this entity box

    2. Add Relationship: Robert Lee Bales

      1. For the information needed, please reach out to care@tifingive.com and in the subject line say, "New Ama account information requested." We will then send a secure link to view the information needed.

      2. Associations: answer No to all

    3. Add Relationship: Terrance McCaffrey

      1. Check authorized individual, certifying officer, & control person boxes

      2. For the information needed, please reach out to care@tifingive.com and in the subject line say, "New Ama account information requested." We will then send a secure link to view the information needed.

      3. Associations: answer No to all

  4. Additional Settings

    1. Add all necessary G Numbers associated with your firm

    2. Add GiveClear's GNumber: G37925386

    3. Trading

    4. Tax Exemptions: 501(c)(3) Organization

    5. Add AMA = Level 1

    6. Select Text Message for authentication method

**Send all documents to Robert Bales (robert.bales@giveclear.org) via Fidelity DocuSign for signature

Notify the Support Team

  • Once your client's account is live, contact the Give Support Team at care@tifingive.com to notify them of the request to open a new Advisor Managed Account account, using the subject line "New AMA Request".

  • Within the email, please include the schedule 1 details. You can find what's needed for those details in the attachment to this article

    • The schedule 1 details are required by GiveClear. As the owner of the assets GiveClear has investment oversight responsibility and these details are reviewed on a quarterly basis by the GiveClear Investment Committee.

  • Once you have the new account number, please share that with the Give support team as we will need it to complete the set up on our end

Complete the Advent Authorization Letter

The only time this would be required is if you're opening an advisor managed account with a new custodian. Here is the list of custodians that do not require an advent authorization form:

  • Fidelity

  • Schwab

  • Pershing

  • AssetMark

Please use the chat feature or reach out to care@tifingive.com if you're opening an account with a new custodian that is not on the above list.

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