How to initiate Money Movement in Wealthscape Investor

TABLE OF CONTENTS

• Step 1 - Transfer/Withdraw Money

• Step 2A - Nonretirement Accounts
  • Transfer funds between brokerage accounts
  • Transfer funds to or from a bank account
  • Request a check disbursement
• Step 2B. - Retirement Accounts
  • Contribute to a retirement account
  • Select where the contribution is coming from 
  • Click Next
  • Select the retirement account to receive the contribution
  • Enter the dollar amount of the contribution
  • If still eligible to contribute for the prior year based on the tax filing deadline, Select contribution year
  • Click Verify
  • Distribute funds from a retirement account
    
    
    

Step 1 - Transfer/Withdraw Money

1. In the top right corner click Menu
2. Under Service, click Transfer/Withdraw Money

Step 2A - Nonretirement Accounts

Transfer funds between brokerage accounts

1. Select the account to transfer funds from 
2. Click Next
3. Select the brokerage account to receive the funds
4. Enter the dollar amount to transfer.
5. Click Verify. 
6. Review before authorizing the transfer. 
   • If changes are needed, select Edit to return to the transfer window. 
   • If no changes are needed, select Submit. A Confirmation displays transfer details including the confirmation number.
     

Transfer funds to or from a bank account

To transfer funds to or from a bank account, the customer must have established standing instructions.

1. Select the brokerage account or bank account that holds the funds to disburse
2. Click Next, if available
3. Select the destination or account to receive the funds
4. If you're using first-party EFT or IBP, you'll need to select the bank that will receive the transfer. Keep in mind that only approved and pending standing instructions will be displayed, so you won't be able to select any other standing instructions . )
5. Enter the dollar amount to transfer. Limitations apply, refer to Help for details 
6. Click Verify
7. Review before authorizing the transfer.
   • If changes are needed, select Edit to return to the transfer window. 
   • If no changes are needed, select Submit. A Confirmation displays transfer details including the confirmation number.

Request a check disbursement

1. Select the brokerage account to transfer funds from
2. Click Next
3. Select a mailing address
4. Enter dollar amount of the check
5. Click Verify
6. Review before authorizing the disbursement
   • If changes are needed, select Edit to return to the transfer window. 
   • If no changes are needed, select Submit. A Confirmation displays transfer details including the confirmation number.

Step 2B. - Retirement Accounts

Contribute to a retirement account

1. Select where the contribution is coming from 

2. Click Next

3. Select the retirement account to receive the contribution

4. Enter the dollar amount of the contribution

   • If still eligible to contribute for the prior year based on the tax filing deadline, Select contribution year

5. Click Verify

6. Review before authorizing the disbursement
   • If changes are needed, select Edit to return to the transfer window. 
   • If no changes are needed, select Submit. A Confirmation displays transfer details including the confirmation number.

Distribute funds from a retirement account

1. Select the retirement brokerage account to transfer funds from
2. Click Next
3. Select where to disburse the funds to
4. Choose reason for distribution
   • If you or your client is over 59.5 years old, the default reason is normal
5. Enter the dollar amount
6. Click Next
7. Specify federal and state tax withholding.
8. To acknowledge you have reviewed and agree to the tax withholding instructions entered, Click I Agree
9. Click Next, Review before authorizing the disbursement
   • If changes are needed, select Edit to return to the transfer window. 
   • If no changes are needed, select Submit. A Confirmation displays transfer details including the confirmation number. 

If you have any issues with any of these steps contact Tech support at tech.support@vanderbiltsecurities.com or Call 631-845-5100