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Administrator Guide
Last Updated: 2023-06-23
Define Investors

Define Investors

To control access to investor information, create investor security segments.
Create or edit investors for your company.
  1. Access the
    Create/Edit Investor
     task.
  2. As you complete this step, consider:
    Field/Tab
    Description
    Investor Name
    If you select a value from the
    Create Investor from Business Entity
     prompt, the
    Investor Name
     populates.
    Phonetic Name
    Records the correct pronunciation of the
    Investor Name
     and these details on the
    Settlement Bank Account
     tab:
    • Bank Phonetic Name
    • Branch Phonetic Name
    • Phonetic Name on Account
    Displays when:
    • You enable phonetic names on the
      Edit Tenant Setup - Global
       task.
    • Users select the relevant locale and display language in their preferences.
    The preferred language of the bank account country must match the language enabled on the tenant setup.
    Create Investor from Business Entity
    Create an investor from an existing business entity.
    The investor name and ID populates based on the business entity you select and can't be modified.
    Tax Authority Form Type
    Select the investor's tax authority form type:
    • 1042-S for a non-resident alien subject to U.S. income withholding.
    • 1099 MISC to report miscellaneous income to the IRS.
    • TDS to identify tax deducted at source for non-resident investors.
    TIN Type
    Enter the tax identification type for the investor:
    • SSN
       or
      ITIN
       (Social Security Number or Individual Taxpayer Identification Number)
    • EIN
       (Employer ID Number)
    Investor Security Segments
    Select a security segment to control a worker's access to this investor.
    Tax Document Date
    Record the date for submitting the tax document.
    Default Payment Type
    Select the
    Default Payment Type
     for this investor. If you specify Automated Clearing House (ACH), direct debit, direct deposit, or wire, you must complete information in the
    Settlement Bank Account
     tab.
    Contact Information
    Provide contact details for this investor, such as:
    • Billing
      ,
      Remit To
      , and
      Shipping
       addresses.
    • Primary
      Email
       account.
    Settlement Bank Account
    Add settlement bank account details for electronic payments to investors (ACH, direct debit, direct deposit, or wire).
    Alternate Names
    Examples of using alternate names:
    • The
      Remit To Payee
       is different from the investor.
    • The investor name is too long to print on a check. To print a shorter name, enter the
      Alternate Name
       and select
      Remit to Payee
       as the
      Alternate Name Usage
      .
    Attachments
    Attach related investor business documents.