QUESTION

How do I set up a data feed from National Financial Services, LLC?

ANSWER

Tamarac Advisor Services often assists clients with requests to enable a particular custodian feed to PortfolioCenter. 

Instructions

To set up the data feed from National Financial Services, follow these steps:

Document Preparation

There is not a formal Letter of Authorization (LOA) for this custodian. National Financial Services (NFS) is part of Fidelity. They provide clearing and custody services for investors.

In order to use NFS, a Registered Investment Advisor (RIA) will need to have a separate broker dealer. They will need to contact their broker dealer in order to establish their feed to Envestnet and to create a new third party login.

UMP Data Feed

To enable the data feed in the UMP from National Financial Services, have the client contact their broker-dealer to have accounts added to the Envestnet feed. If the Broker Dealer has not worked with Envestnet before, they will need Envestnet’s 3030 (thirty-thirty) number to tie to their account numbers. Envestnet’s 3030 number is: 3030000259.

Once accounts are added to the 3030 number, you should be able to view accounts in UMP in 1-2 days.

Sample Email

[To]: Client Email Address

[Subject Line]: Envestnet Tamarac Feed for National Financial Services, LLC

[Email Content]

Dear Client,

To establish an NFS data feed to Envestnet, we will need to have your broker dealer add your accounts to the daily Envestnet feed from NFS.

Please request that your Broker-Dealer add the accounts to Envestnet's 3030 (thirty-thirty) number: 3030000259.

Please also request a new, view-only, third-party login for Streetscape.com. Our team will use this login to view necessary account and transaction information for reconciliation and database maintenance.

If you or your broker dealer has any questions, please don't hesitate to reach out to me.

Regards,

Your Name

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