The process of completing a Release of Information is different for each custodian and data provider. This article will highlight how to complete the ROI process for each data provider.
Charles Schwab
Submitting the Data Access Agreement
The first step towards integrating your client accounts is to request permission to have your data sent to Nitrogen. This can be accomplished by logging into Schwab Advisor Center and completing a new ‘Request for Data Access Agreement,’ which can be found under the Forms and Applications page. You will need to fill out all of the required fields with your firm’s information under the Advisor Details section. Under Service Provider Details please include the following:
- Service Provider Firm Name: Nitrogen
- Name of Authorized Signer: Scott Alesci
- Email Address of Authorized Signer: care@nitrogenwealth.com
- You will need to include each advisor-level Master Account Number in the request. Do not include any firm-level Master Account Numbers, as this will create duplicate accounts in your Holdings Dashboard.
- Under “Comments”, please write "This is for our Nitrogen Ignite/Ultimate Command Center domain" so our Customer Care Team can process it accordingly.
Once Schwab receives your submission, they will send a completed copy of the Data Access Agreement to your email via DocuSign in 1-3 business days. (Additional email addresses can also be included in these notifications as requested).
Upon receipt of the signed Data Access Agreement, Schwab will complete the data set-up for the specified master account(s) and send an email confirmation to both you and Nitrogen. Please forward this confirmation to your Nitrogen Relationship Manager.
Note: This process typically takes around 7 business days.
Once the ROI process has been completed and Schwab is sending the specified data to Nitrogen, Nitrogen will route that data to your Command Center domain.
Fidelity
In Fidelity Integration Xchange, select My Firm's Integrations > Outbound Transmission Rules.
After you review the vendor and accounts to transmit data for, use the self-service tools to add or delete Outbound Transmission Rules. To request this capability, contact your admin for these entitlements:
- “Integration Xchange_OutboundTransmissionsRulesManagement”
- “Integration Xchange Admin Outbound Transmission Rules Management" entitlements
Add or delete specific Outbound Transmission Rules to meet your vendor and account integration needs.
Adding Outbound Transmission Rules
In Fidelity Integration Xchange, select My Firm's Integrations > Outbound Transmission Rules.
1. Select Add Rule. You will need to create a separate rule for each individual advisor GNumber. Please do not create any rules for firm-level master GNumbers.
2. Select RISKALYZE INC from the Entity Name dropdown.
- Select + Add Header and create a new header with the corresponding GNumber.
- Enter the GNumber
- Click Next.
3. Select the appropriate data masking options. For best results, make sure the following are unmasked (select “No”):
- First Name
- Middle Name
- Last Name
- Address
- Zip Code
- Phone Number
4. Review the transmission rule details, enter your full name, and select Confirm.
Completing the integration process
Please forward the Fidelity confirmation, or a screenshot of your Outbound Transmission Rules for Nitrogen to the Nitrogen Customer Care Team and your Nitrogen Relationship Manager, noting that this is for your Nitrogen Ignite/Ultimate Command Center so our Customer Care Team can process it accordingly. Once this has been completed and Fidelity is sending the specified data to Nitrogen, Nitrogen will route that data to your Command Center domain.
LPL
Submitting the data request
The first step towards syncing your client accounts from LPL is to submit form F-688. In order to do so, you will first need to log in to either Branchnet or Clientworks. Once logged in, select Resource Center and download form F-688. Print and complete the form, and submit it to LPL's Client Tech Management team per the instructions that can be found at the top of the form. When submitting the form via email to LPL's Client Tech Management team, please also cc our Customer Care Team (care@nitrogenwealth.com) and your Nitrogen Relationship Manager so we can better track your request.
Please include all secondary rep codes with accounts you would like sent to Nitrogen, along with your master rep code for section 5
LPL prepares your account
Once you have submitted form F-688 to LPL, the Client Tech Management team will set up the data feed for your account. Once complete, LPL will notify both you and Nitrogen that the feed is ready.
Note: This process generally takes 7-10 business days.
After receiving this notification, please forward it to your Nitrogen Relationship Manager. Once this has been completed and LPL is sending the specified data to Nitrogen, Nitrogen will route that data to your Command Center domain.
Orion
Submitting the data request
The firm representative will need to reach out to the SME Integrations team at Orion (sme-integrations@orion.com) and state they want the Extracts Enabled for Nitrogen. Orion’s team will send an ROI to the signer on file. Complete the ROI and return to the SME Integrations team. Please cc our Customer Care Team (care@nitrogenwealth.com) and your Nitrogen Relationship Manager on the email so that Nitrogen will be informed when Orion has accepted the ROI.
Orion prepares your account.
Once the ROI process has been completed and Orion is sending the specified data to Nitrogen, Nitrogen will route that data to your Command Center domain.
Pershing
Submitting the Release of Information (ROI) Form
The first step toward setting up your Command Center data feed is to complete and send an ROI form to Pershing. Contact Nitrogen Customer Care Team (care@nitrogenwealth.com) for a pre-filled Pershing ROI Form unique to your firm’s Nitrogen account. Please add a note in your request to our Customer Care Team that this data feed is for your Ignite or Ultimate Compliance feed so they can process it accordingly. Once you have the Pershing ROI from Nitrogen, forward it to your back office. Ask your back office to submit the ROI to your Pershing Account Manager, Relationship Manager, or Pershing Advisor Solutions contact (depending on your firm’s setup).
Pershing prepares your account.
Pershing will process the ROI form and will alert Nitrogen directly once the data feed has been established.
Note: Pershing can take up to 30 days to process the ROI.
During this time, please make sure that you have specified your extraction criteria in NetExchange360.
Once the ROI process has been completed and Pershing is sending the specified data to Nitrogen, Nitrogen will route that data to your Command Center domain.
Raymond James
Submitting the data request
In order to activate the data feed between Raymond James and Nitrogen, you will need to submit a request to Raymond James' ORM team. This can be done by sending an email to ORMThird-PartyDataFeed@RaymondJames.com. The email needs to contain the following information:
- The subject line should be "New Data Feed"
- Include your office number.
- Include a list of the accounts that should be sent over. Simply requesting "All accounts" is acceptable.
- Include the main contact at your firm.
- Include the email address care@nitrogenwealth.com and your Nitrogen Relationship Manager. This ensures that Nitrogen receives a notification when the feed has been set up.
Raymond James prepares your account
After the ORM team has received your request, they will work with your firm to gather any additional information that may be needed to complete the feed. After Raymond James has completed the feed, they will notify both you and Nitrogen that the feed has been completed. Once this has been completed and Raymond James is sending the specified data to Nitrogen, Nitrogen will route that data to your Command Center domain.
RBC
Submitting the Release of Information (ROI) Form
The first step toward integrating your portfolios with RBC is to complete and send the ROI form to RBC. Contact RBC or email Nitrogen Customer Care for a copy of the ROI form. Please cc your Nitrogen Relationship Manager and add a note in your request to our Customer Care Team that this data feed is for your Ignite or Ultimate Command Center feed so they can process it accordingly. Submit the completed ROI to RBC for processing.
RBC Prepares Your Account
Next, RBC will set up your account for integration. Once this is completed, RBC will notify Nitrogen to activate the connector. Once the ROI process has been completed and RBC is sending the specified data to Nitrogen, Nitrogen will route that data to your Command Center domain.