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▷ ▶ SMART W Code Process SelectSmart.com free Advice flowcharts and decision trees.
A SelectSmart.com Flowchart by eglick. See eglick's 4me blog page.
Viewed 495 times. Created September 2013.
This SelectSmart.com Advice flowchart, a free online decision tool is a creation of eglick and for amusement purposes only. The implicit and explicit opinions expressed here are the author's. SelectSmart.com does not necessarily agree.
AdviceSMART W Code Process
By eglick
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Process for W-Code Accounts

               
 
 
Account is a 407 Account. Does client have a 407 letter?
 
 




NO


YES



 
New Accounts W/E code
Prompt Reminder given on SMART screen to send 407 letter to Compliance with instruction to W/E code.
Upload 407(b) letter. "Add Document." New Accounts codes the account W or E.
 









Compliance checks queue daily.
Account populates in W/E code Compliance queue with necessary 407 letter information.
 
Has the contra firm requested duplicate statements and confirmations?
 






YES


NO

 
Compliance issues 407(b) letter "A" to contra-firm; compliance sends copy of letter to Imaging to scan into Metaviewer.
New Accounts adds duplicate statements and confirmations.
Compliance checks queue daily.
Account populates in W/E code compliance queue with necessary 407(b) letter information.









 
W/E Code Queue: Add notes. Compliance adds the date that the 407(b) letter is sent.
Account populates in W/E code compliance queue with necessary 407(b) letter information.
Compliance checks queue daily.
Compliance issues 407(b) letter "C" to contra-firm; compliance sends copy of letter to Imaging to scan into Metaviewer.









 
 
Compliance issues 407(b) letter "B" to contra-firm; compliance sends copy of letter to Imaging to scan into Metaviewer.
 
W/E Code Queue: Add notes. Compliance adds the date that the 407(b) letter is sent.









 
 
W/E Code Queue: Add notes. Compliance adds the date that the 407(b) letter is sent.