Broker Check

WSC New Account Process

  1. Complete New Account Form in full:  be sure and include physical address when a P.O. Box is given for mailing, Email address, Occupation and Employer (if Retired, include previous employment) and Business Address; Investment Experience (according to level of sophistication in years), Bank Information, Financial Information, Objectives, Risk Tolerance, customer signature and date, etc.
  2. sign and date New Account Form.
  3. Obtain copy of drivers license
  4. Run OFAC search PRIOR to opening account.
  5. Obtain copy of Trust Agreement, Articles of Inc/Corp Resolution, Partnership Agreement, etc. where applicable, to show authority to transact account.
  6. Complete all other account application documentation.
  7. Complete WSC Product Receipt and Disclosure Form where applicable:  Mutual Funds, Insurance Products, Callable Certificate of Deposit, 529 Plans, EIA.
  8. Principal Review and signature.
  9. Back office initial New Account Form for review of information and completeness.
  10. Record & scan information in Winops - CUSTOMERS and in ORDERS (if non-SWS).
  11. Record check information in Send/Rec Log in WinOps if applicable.
  12. Forward original applications to intended recipient.*
  13. Keep one set of copies for the branch office.
  14. Send New Account Information to customer within 30 days after opening the account and every three years thereafter.
  15. *All 529 Plan ORIGINAL documents must be sent to the Home Office for the municipal principal review and approval.