How to Update Your RBC Direct Investing Trading Authorization Form
Updating your trading authorization form with RBC Direct Investing is an essential step to ensure that your investment account reflects your current preferences and needs. Whether you want to add a new authorized trader, change permissions, or remove an existing trader, the process is straightforward. This article will guide you through the steps to update your trading authorization form effectively.
Understanding the Trading Authorization Form
The trading authorization form allows you to designate individuals who can manage your investment account on your behalf. This can include family members, financial advisors, or other trusted individuals. It’s crucial to keep this information up to date to maintain control over your investments and ensure that only authorized individuals have access to your account.
Steps to Update Your Trading Authorization Form
1. Gather Necessary Information
Before you begin the update process, ensure you have all the necessary information at hand. This includes:
– Your RBC Direct Investing account number
– Personal identification details of the authorized trader(s) you wish to add or remove (e.g., full name, date of birth, and contact information)
– Specific permissions you want to grant or revoke
2. Access the RBC Direct Investing Website
Visit the RBC Direct Investing website and log in to your account using your credentials. If you do not have an online account, you may need to create one or contact customer service for assistance.
3. Navigate to the Forms Section
Once logged in, navigate to the ‘Forms’ section of the website. This area typically contains various forms related to account management, including the trading authorization form.
4. Download the Trading Authorization Form
Locate the trading authorization form and download it. Ensure you are using the most recent version of the form to avoid any processing delays.
5. Complete the Form
Fill out the form with the required information. Be sure to:
– Clearly indicate the changes you wish to make (adding or removing authorized traders)
– Specify the level of access you are granting (full trading authority, limited trading authority, etc.)
– Sign and date the form as required
6. Submit the Updated Form
After completing the form, submit it according to the instructions provided. This may involve mailing the form to a specific address, faxing it, or uploading it through your online account. Ensure you keep a copy of the submitted form for your records.
7. Confirm the Changes
Once you have submitted the updated trading authorization form, it’s important to confirm that the changes have been processed. You can do this by checking your account online or contacting RBC Direct Investing customer service for verification.
8. Review Regularly
It’s a good practice to review your trading authorization regularly, especially after significant life events such as marriage, divorce, or changes in financial circumstances. Keeping your account information current helps protect your investments and ensures that your trading preferences align with your current situation.
Conclusion
Updating your RBC Direct Investing trading authorization form is a crucial task that helps you maintain control over your investment account. By following the steps outlined above, you can ensure that your account reflects your current needs and preferences. If you have any questions or need assistance during the process, don’t hesitate to reach out to RBC Direct Investing customer support for help.
