Does Totality have a ‘preferred broker’ compliance solution?
Understanding the Preferred Broker Program and the Delinking Process
This guide outlines the benefits of the Preferred Broker Program and how to manage trade reporting when changing employment. Whether you're linking your Totality account with compliance teams or preparing to delink, this resource will help you navigate the process smoothly.
What is the Preferred Broker Program?
The Preferred Broker Program is designed to simplify compliance and trade reporting for professionals in the financial sector. By linking your Totality account with your employer’s compliance team, regulatory reporting is managed efficiently, allowing you to focus on trading. Many financial institutions recommend Totality as the preferred broker for their employees due to this seamless reporting process.
Linking Your Totality Account with Compliance Teams
If you need to link your Totality account to your employer’s compliance team, first check with them directly. They should have the necessary disclosure form for Totality and provide guidance on the setup process. If they do not have a system in place, you can reach out to Totality via the platform’s chat function for assistance.
Why is Delinking Important?
For professionals in the financial industry, trade reporting is often required by compliance policies. When you change employment, it’s crucial to ensure that your trades are no longer reported to your previous employer. Managing this transition correctly helps maintain compliance while keeping your reporting preferences up to date.
Steps to Delink from Your Employer's Reporting Feed process
- Consult your compliance team: Before making any changes, contact your compliance team for guidance. They may reach out to Totality directly to confirm your removal from the reporting flow.
- Direct Delinking via Totality: If instructed to contact Totality directly, follow these steps to delink from your employer's feed:
From your Totality Core profile, please click on Support Centre > Support > Support > New support request:
Please include any screenshot of the trouble message for further investigation.
If you have any issues raising a case, please contact Client Services team directly at +61 2 8267 9000, or via email at help@totality.com.au.
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