Introduction:
Seamless equity transactions through a stock broker are now at your fingertips with MADOSX. In this step-by-step guide, we will walk you through the process of placing equity transactions via MADOSX. This comprehensive platform simplifies your investment journey, whether you're a financial advisor or an individual investor. Mastering the equity transaction process with MADOSX will empower you to make well-informed investment decisions with ease.
Step-by-Step Guide for Equity Transaction via MADOSX:
Select the Client or Family:
Begin by logging into the MADOSX platform and choosing the desired client or family from the client list. This directs you to the client dashboard for the selected investor.
Navigate to Trade Orders:
On the client dashboard, find and click on the "Trade Orders" section. This takes you to the trade order screen.
Add Trade and Select Manual Trade:
Inside the Trade Orders section, click "Add Trade" and opt for "Manual Trade" from the dropdown menu.
Choose Portfolio and Investment Goal:
Select the portfolio you intend to trade for. You can choose a specific goal from the "Wealth Creation" dropdown or go for "Any Goals."
Select UCC:
Choose the "UCC" (Stock Broker Client Code) from the dropdown for the Equity Transaction.
Choose Transaction Type:
Pick the desired transaction type from the available options, such as "Purchase" or "Sell."
Add Order(s):
For "Purchase" or "Sell," click "+Add" to create a new order. In the pop-up window, select the Share Name and enter the Qty for purchase. Click "Submit" to proceed.
Enter Rationale:
In the "Rationale" box, provide a brief description or note about the trade for future reference and record-keeping.
Confirm Orders and Send for Client Approval:
Review your orders and click "Confirm Order." Verify the details on the next screen and hit "Send for Client Approval." An email will be sent to the client for approval.
Client Approval Process:
Upon receiving the email, the client will find a link to approve the trade with their stock broker. The client's confirmation is required to execute the order.
Note:
Please note that our system cannot access the client's ledger balance with their broker. MADOSX provides the platform to integrate and enable stock transactions for your clients with their broker accounts.
For In-Depth Knowledge:
For a more comprehensive understanding, refer to the detailed video guide provided on our YouTube channel. The attached PDF guide supplements this article, offering visual insights and precise instructions to help you navigate the equity transaction process seamlessly.
Disclaimer:
This article is intended for informational purposes only and should not be considered as financial or investment advice. The utilization of MADOSX features must align with the terms and conditions stipulated by MADOSX provider.
To delve deeper into equity transactions with MADOSX, check out our YouTube video. Don't forget to subscribe and click the notification bell for more insightful updates!