SourcesOfWealth

  • Sources of wealth is how the applicant obtained funds to fund the account.

  • Fully Disclosed Client (Individual, Joint, Retirement, Org, Trust)

  • Advisor Client (Individual, Joint, Retirement, Org, Trust)

  • OWD Client (Individual, Joint, Org, Trust)

  • If EmploymentType = EMPLOYED OR SELFEMPLOYED

    • SOW-IND-Income must be listed as SourceOfWealth but does not need to be selected as a source used to fund the account.

  • Applicant cannot specify the same source multiple times.

  • percentage is not required IF is_used_for_funds="false"

  • Percentage across all SourceOfWealth must = 100%

  • Required for all Applicants (ie. EMPLOYED, SELFEMPLOYED, RETIRED, UNEMPLOYMENT, STUDENT, ATHOMETRADER, or HOMEMAKER)

XSD

Copy 
<xsd:complexType name="SourcesOfWealth" use="Required" type="SourceOfWealth" minOccurs="1" maxOccurs="1" />
<xsd:sequence>
<xsd:element name="SourceOfWealth" use="Required" minOccurs="1" maxOccurs="9"/>
 <xsd:attribute name="source_type" type="source_type" use="Required" />
 <xsd:attribute name="description" type="String" use="Optional" />
 <xsd:attribute name="percentage" type="Non-Negative Integer" use="Required" />
 <xsd:attribute name="is_used_for_funds" type="Boolean" use="Required" />
</xsd:sequence>

Parameters

Name

Type

Description

source_type

Individual/ Joint / Retirement

SOW-IND-Allowance

SOW-IND-Disability

SOW-IND-Income

SOW-IND-Inheritance          

SOW-IND-Interest

SOW-IND-MarketProfit

SOW-IND-Other

SOW-IND-Pension           

SOW-IND-Property

Orgs / Trusts

SOW-ORG-Business

SOW-ORG-MarketTradingProfits

SOW-ORG-Other

SOW-ORG-OwnerEquity

SOW-ORG-Property

SOW-ORG-RetainedEarnings

Other- Description is required.

description

String; maximum of 128 characters.

Describe source of funds.

Only required if source_type=“SOW-IND-Other" or “SOW-ORG-Other"

percentage

Non-Negative Integer

Only required IF

1)  is_used_for_funds = true

AND account is

2) Account is with IB-HK, IB-AU, IB-UK, IB-UKL, IB-IE, IB-CE

 

 

is_used_for_funds

true

false

Is the source used to fund the account? Yes/No
Copy 
<SourcesOfWealth>
  <SourceOfWealth source_type="SOW-IND-Income" is_used_for_funds="true" percentage="50" />
  <SourceOfWealth source_type="SOW-IND-MarketProfit" is_used_for_funds="false"/>
  <SourceOfWealth source_type="SOW-IND-Other" is_used_for_funds="true" percentage="50" description="Windfall from sale of real-estate portfolio" />
</SourcesOfWealth>