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Welcome to the Söderberg Self-Service Centre!

How to create a Corporate Client

  • Updated

You can open a general investment account (GIA) held in the name of a company.

Things to be aware of before starting the process:

  • The company must be registered in the UK.
  • You will need to add bank details to the client record – The bank details have to be in the name of the company or in the name of one of the significant shareholders.
  • All significant shareholders of a company and Persons of Significant Control have to be added onto the corporate client has a stakeholder. Significant shareholders and Persons of Significant Control have to be AML checked separately by creating an individual stand alone client record for them:

Significant shareholders are:

- Individuals who own 25% or more of the shares in the company

- Individuals who own 25% or more of the voting rights in the company

Person's of Significant Control are either:

- Significant shareholders; or

- Persons who have the right to appoint or remove the majority of the board of directors

  • Unlike significant shareholders, you can add directors and/or principal or partners in as stakeholders but they are not mandatory and do not have to be AML checked unless they will be instructing account actions.
  • To setup a stakeholder who isn’t already a client on the platform and does not need to be AML checked, you have to provide, First name, Surname, DOB and address. You will input this from within the stakeholder section of the corporate client creation form:
  • If the company does not have an LEI then investments that require an LEI will be prohibited.

 

 How to create a Corporate Client 

  • Login to the platform and click on the ‘Clients’ tab from the top menu bar.
  • Then, navigate to the top right hand corner of the screen, click ‘Create’ and select ‘Corporate client’ from the drop-down.
  • Add in:
    • The name of the adviser.
    • The name of the company.
    • The company registration number.
    • LEI number, (as mentioned above, this if the company does not have an LEI then investments that require an LEI will be prohibited) .
    • Company address.
  • Add stakeholders (directors, significant shareholders and partners/principals) to the application. Guidelines for adding in stakeholders are mentioned above. 
  • Accept the declaration, click ’Review’ to double check that all the information is correct and then click submit.

Once the account has been created and in a pending status, please email us with confirmation of the following to servicecentre@soderbergpartners.com:

  • Client ID and Full Business name.
  • Principle office address if different to registered office.
  • Confirmation of any individual or entity holding 25% or more ownership.
  • Certificate of Incorporation or Articles of Association.
  • Terms and conditions signed by all persons instructing on the account.
  • Certified bank statement.

Söderberg will conduct a know your business (KYB) check and verify the account. Once verified Söderberg will inform you when the account is active.

Once the corporate client is active, you can create the GIA account where the investments will be held:

  • Search for the corporate client record and navigate to it
  • Once on the client record, navigate to the ‘Accounts’ tab
  • Click on ‘Create account’
  • Complete the form by entering:
    • Account name
    • Wrapper type, (this will be greyed out and pre-selected as ‘GIA’)
    • Investment strategy
    • And finally any adviser fees
  • Click Review and once you’ve reviewed the details and are happy, click submit.

The account status will change to ‘Active’ straight away.