Relationship Structure

At the end of this guide, you should understand:

The difference between individual-client and corporate-client on the Acceleration Cloud platform.

How to build parent-child relationships.

The account lifecycles, from creation to closure.

Account

An account is an individual or company that holds an account on the Austin Capital. Account can be one of the following types:

Individual Client

Individual client accounts provide a platform for individuals to manage their financial affairs in a way that aligns with their personal goals and circumstances. It empowers individuals to take control of their finances, make informed decisions, and work toward their financial aspirations

Corporate Client

Corporate Client refers to a business entity or organization that is a client or customer of another business, it includes financial activities and transactions under the corporate level

Both the individual client and corporate client objects store personally identifying information and other attributes and configurations. Your application calls the Core API to create and manage accounts

Financial Account

A financial account is a kind of financial service account type. Different kinds of financial account record types may have different required fields and logic. Financial Account can be one of the following types:

Corporate Retirement Account

Corporate Retirement Account, also known as an employer-sponsored retirement plan, is a retirement plan provided by a company or organization to its employees.

Trust Account

Trust Account is a legal arrangement in which one party, known as the trustee, holds and manages assets on behalf of another party, known as the beneficiary or beneficiaries.

Bank Account

Bank Account is a financial account allows individuals, businesses, or organizations to deposit and withdraw funds, make transactions, and access various banking services.

Investment Account

Investment Account is a financial account that allows individuals or entities to invest in various financial instruments, such as stocks, bonds, mutual funds, ETFs and other securities.

Managed Solutions(TAMP)

Managed Solutions (TAMP) refers to an investment account where the investment decisions and portfolio management are handled by professional investment managers on behalf of the account holder.

Sub Account

A sub-account tracks transactions involving financial assets and liabilities. It includes activities such as foreign direct investment (FDI), portfolio investment (investments in stocks and bonds), changes in reserve assets (like central bank foreign exchange holdings), and other financial transactions that impact a country's external financial position. Sub Account can be one of the following types:

Corporate Retirement Account

• SIMPLE IRA
• SEP IRA
• Pension Plan
• Non-Qualified Plan
• Cash Balance Plan
• 401(k)
• One-K
• 403(b) ERISA
• 403(b) Non-ERISA
• 457 Plan
• Safe Harbor 401(k)

Trust Account

• Irrevocable Trust
• Revocable Trust

Bank Account

• Checking
• Saving
• MoneyMarket

Investment Account

• Educational Savings Account
• Self Directed Brokerage Account
• Health Savings Account
• UTMA
• Roth IRA
• Rollover IRA
• Forced Out IRA
• Inherited IRA
• Contributory IRA
• 529plan
• Investment
• UGMA

Managed Solutions(TAMP) Account

• TAMP Brokerage Account
• TAMP Roth IRA
• TAMP Rollover IRA
• TAMP Contributory IRA
• TAMP Inherited IRA
• TAMP Inherited Roth IRA