After you click "Process Approved" from the Trading Dashboard, Autopilot generates an executable file that can be uploaded into Wealthscape. To ensure timely and proper execution, we recommend following the steps outlined in this article. We also recommend familiarizing yourself with block trading prior to executing your first set of trades. If you're not familiar with block trading, click here to read a quick overview.
Uploading Trade Files Into Wealthscape
**Note - before you can submit trades within Wealthscape, make sure Fidelity has enabled block trading for your firm. You can do this by calling or emailing Wealthscape's trading support team.
Whether you're submitting trades for one account, submitting trades for mutual fund orders only, or generating block trades, Autopilot will always generate a single file for upload into Wealthscape.
To execute trades, login to Wealthscape and click Tools > Imports > Block Orders & Allocations, and upload the trade file.
Next, click on Import/Export Status to make sure there aren't any upload errors.
Once your orders have been successfully uploaded, you're ready to submit them. Follow the steps below to execute trades.
- Click the Unsent Orders tab and send All Sell orders
- Click the Unsent Blocks tab and send All Blocks
- Click the Unsent Allocations tab and send All Sell allocations
- Do not send the Buy orders left in the Unsent Orders tab yet
- Double check all Sent Blocks for any errors
- Repeat 1-7 above with any additional trade files
- Only once all Blocks have been sent for the day, open each sent block and "Commit" the allocations
**Important - make sure you submit all sell orders before you submit any buy orders. Doing otherwise will result in Wealthscape telling you there are insufficient funds to cover the buy orders.
If your trade file does not contain any block trades, simply upload your file and click Send to execute your single orders.
Waiting for Settlement
Now that your trades have been submitted, simply wait for them to settle. Pershing may display the new positions in Wealthscape the following day, however, Wealthscape usually takes T+2 until sending the new positions to Riskalyze.