Step-by-Step Guide to Completing the RBC Direct Investing Trading Authorization Form
If you’re looking to authorize someone to trade on your behalf through RBC Direct Investing, completing the Trading Authorization Form is a crucial step. This guide will walk you through the process, ensuring that you fill out the form correctly and efficiently.
Understanding the Trading Authorization Form
The Trading Authorization Form allows you to grant permission to another individual, such as a family member or financial advisor, to manage your investment account. This can be particularly useful if you want someone with more experience to handle your trades or if you are unable to manage your account personally.
Gather Necessary Information
Before you begin filling out the form, make sure you have all the necessary information at hand. This includes:
– Your RBC Direct Investing account number
– The full name and contact information of the person you are authorizing
– The level of access you wish to grant (full trading authority, limited trading authority, etc.)
Accessing the Form
You can obtain the Trading Authorization Form from the RBC Direct Investing website or by visiting a local RBC branch. Ensure you have the most current version of the form to avoid any issues.
Filling Out the Form
1. **Account Holder Information**: Start by entering your personal details, including your name, address, and account number. Make sure this information matches what is on file with RBC.
2. **Authorized Person Information**: Next, provide the details of the individual you are authorizing. This includes their full name, address, and contact information. Double-check for accuracy to prevent any delays.
3. **Level of Access**: Specify the level of trading authority you wish to grant. You can choose between full trading authority, which allows the authorized person to make all trading decisions, or limited authority, which may restrict certain actions.
4. **Signature and Date**: After filling out the necessary information, sign and date the form. Your signature must match the one on file with RBC to ensure authenticity.
Submitting the Form
Once you have completed the form, you can submit it in several ways:
– **Online**: If you have an online banking account, you may be able to upload the form directly through the RBC Direct Investing platform.
– **In-Person**: Visit your local RBC branch and hand in the form to a representative.
– **Mail**: You can also send the completed form to the address provided on the form itself. Make sure to use a secure method of mailing to protect your personal information.
Confirmation of Authorization
After submitting the form, RBC will process your request. You should receive a confirmation once the authorization has been granted. This may take a few business days, so be patient. If you do not receive confirmation within a week, consider following up with RBC Direct Investing to ensure everything is in order.
Reviewing the Authorization Periodically
It’s important to periodically review the trading authorization you have granted. If your circumstances change or if you wish to revoke the authorization, you will need to complete a new form to update your preferences.
Conclusion
Completing the RBC Direct Investing Trading Authorization Form is a straightforward process when you follow these steps. By ensuring that you provide accurate information and understand the level of access you are granting, you can confidently authorize someone to manage your investments. Always keep communication open with your authorized trader and review your account regularly to ensure your investment goals are being met.
