Wholesale Transition Process

Follow the below steps to ensure a smooth transition and locate appropriate tools & resources.

💬 New Account Application - electronic wholesale policy submission form used for all new business.

 

FINRA Onboarding

Wholesale rep agreement and background check authorization form sent via DocuSign.

Review U4 on FINRA's portal - FinPro.

Fingerprinting to be completed within 30 days of U4 registration. Instructions provided in compliance task.

 

Fingerprinting Instructions

Please complete your fingerprinting by selecting one of the approved vendors on FINRA's website.

If you are unsure which vender to use, PrintScan is a good option. Book an appointment and select 'FINRA Financial Industry'. Electronic Fingerprints can be done at many UPS stores.

Another good vendor to us is Fieldprint, using our broker-dealer code: FPOakwoodCapitalCP

Oakwood Capital Securities, Inc. CRD # is: 21000

 

Compliance Task

Complete several onboarding certifications via our compliance portal - Orion Compliance.

Connect email domain and social media accounts through Smarsh. Note: Social media confirmation done on Orion Compliance. 

*Orion Compliance is also used for marketing Pre-Approvals, OBA submissions, as well as, Quarterly/Annual attestations.

 

Smarsh Email Archiving

This step will need to be completed immediately after the U4 is submitted. 

Follow the instruction guide below. The right instruction guide for you will depend on who host your email (Microsoft or Google Workplace).

Microsoft Journaling Instructions

Google Workplace Journaling Instructions

Please reach out to onaboarding@oakwoodcapital.com for your unique journaling address.

 

BGA Marketing Agreements

Complete updated marketing agreement for each carrier.

*Expected turnaround time of 1-2 weeks at the carrier level. BGA Principal, carrier and Oakwood Capital Securities, Inc. to sign all new agreements.

Equitable

Equitable Agency Profile

Lincoln

Lincoln LOI

John Hancock

MassMutual Ascend

MassMutual

Nationwide

Producer Info Form

NY Life

*Include TIN and any pending variable business that needs an immediate update in email to NY Life

Pac Life

Principal

DD2018

Protective

Appointment Form - Blue Form

Prudential

Securian

Symetra

 

Carrier Email Language

To whom it may concern,

[x] agency is changing our Broker-Dealer from [x] to Oakwood Capital Securities, Inc. effective [immediately].

Can you please update or send any paperwork and information is needed to complete this change?

[Providing TIN and any pending business is also good, but not required]

We appreciate any help you can provide. 

Let us know if you have any questions.

 

Commission & Expense Tracking

View commissions & adjustments via Repertoire.