Subowner creation explained

Subowners or subdivisions are created under your omnibus level and are used to handle specific client segments or services and can include different types of accounts, such as advisory or discretionary accounts, and trading conditions.  

Please view the understanding your structure article to learn more about where subowners would be placed within your hierarchy. 

The article will explain the following items:

• How to establish a new subowner

How to establish a new subowner

Please complete the Excel template and submit in a case via SaxoConnect to the Configurations department.

The Excel template can be retrieved by pressing here and below you will be able to view an example of a completed template.

Partner Name	Partner Company ABC
Owner ID under which the new sub house will be created	11111111
New Sub house Name	Partner Company - Sub house Name 1
Base Currency	DKK
Copy setup from another house? If yes, please specify existing  sub house ID to copy	11111112
Commission:  Name of the existing commission groups to be enabled for end clients OR  if new comm group is required: Please state in the case that you require a commission overview sheet for you to fill out	<Partner company - retail clients> <Partner company - Premium rates>
Template to enable	Copy from top level/existing sub house
Products	Shares, ETFs, Mutual Funds and Bonds
Optional: Any other special profiles/requirements/omnibus accounts	Commission earned from the end client under the new sub house should be booked in a specific commission account of the new sub house

Please note

• A new sub-house can only be created when the portfolio manager or adviser has at least nine associated clients under them.

• Each case submitted to Configuration may request the creation of one or max three sub-owners at a time.