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The separate account funds to which you allocate your variable annuity premiums are sometimes called subaccounts. Each subaccount is managed by an investment specialist, or team of specialists, who make buy and sell decisions based on the subaccount's objective and their analysts' research.
Subaccounts are essentially smaller accounts nested within a larger account structure. They are used in investment management and variable insurance products, in which the client’s funds are being.
noun Save Word sub· account | \ "+ \ Definition of subaccount : a subordinate or secondary account (as in a business record) Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.
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Fidelity Viewpoints – 01/13/2022 Key takeaways Exchange-traded funds (ETFs) had another record year of inflows in 2021, nearly doubling the previous record. Blockbuster stock ETF flows set a new annual record, propelled by value and thematics. Bond ETF flows, while positive, slowed from their previous record pace.
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Change the type of an existing parent account or subaccount
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Subaccounts are the lowest entities in the hierarchy. Its at the subaccount level, where you will be deploying your apps, databases and interfaces. Subaccounts are regions specific – meaning you can decide in which country you want to setup your subaccount environment.
You can turn an existing account into a subaccount. Go to Settings ⚙ and select Chart of Accounts. Find the account and select the small arrow in the action column. Then select Edit. Select Is sub-account and then enter the parent account. Select Save and Close. How your subaccounts will look like in your Chart of Accounts tab and reports
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Locate an account to identify as a subaccount again. From the Action column dropdown menu, select Edit. Select the Is subaccount checkbox. Select the Parent account from the dropdown list. Select Save. Repeat these steps for all of the subaccounts. Was this helpful? You must sign in to vote, reply, or post QuickBooks Online
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A sub account is a segregated account nested under a larger account or relationship. These separate accounts may house data, correspondence, and other useful information or contain funds that are.
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