Registered reps and agents who wish to capture new business from within the New Business Ecosystem must comply with the following procedures;
1/ Establish a user name and password on the New Business Ecosystem web site.
2/ Rep fill out membership form found on the Membership Access Page.
3/ Reps take inventory of their books of business to make sure they will be able to meet at least one of the four participation qualifications outlined on the Membership Requirements Page of this website. Those four qualifications being;
A/ Asset Qualification
B/ Joint Asset Qualification
C/ Referral Qualification
D/ Joint Referral Qualification
4/ Once rep is ready to qualify for NBE and receive benefits they will then fill out either a Asset Qualification form or a Fund Family Referral form both of which can be found in the Registered Rep Access section of this web site.
Special Notes
No more than 30 days prior to an agent being awarded any case work deriving from the NBE based on asset qualification they will need to verify the required minimum in assets under management with NBE participating fund families and or money managers. Methods of verification can be among but not limited to the following;
A/ Letter from Fund Family showing assets under management
B/ Assets Under Management Statement
C/ Letter from sales manager stating the amount assets rep has with fund family
D/ Screen Shots from an active dash board
These same reps that are qualifying based on assets will need to fill out an Asset Update Form no more than one month prior to writing any business generated by the new business rotation or business lottery. The Agent Asset Update Form can be found in the Agent membership section of this web site.
Reps looking to qualify for the Referral Rotation will need to fill out and submit a Fund Family Referral form.
Before the rep is finally admitted into the the Referral Rotation the corresponding fund family will need to fill out an Agent Referral Acknowledgement. This online document is part of the membership forms all money managers must fill out prior becoming a qualified NBE participant under the Referral Rotation provision.
Once the NBE administrative staff conducts due diligence on the qualifying agent, examines any applicable documentation, and makes sure the above conditions are met that the rep or group of reps will then be awarded new case work deriving from the ecosystem. The qualifying agent or group of agents will also receive a Business Lottery drawing number for each fund they are qualifying for as well.
Agents will receive participation and lottery drawing numbers via email from the NBE administrator once administrative review is complete.
