Ownership Step #
General Behavior #
- Individual ownership flow is default.
- The user can choose sdira/solo401k profiles if created before. (Entity is TBD.)
- If the profile was changed to another one on Ownership step after signature step submition - signature step is reset.
- Upon reaching Ownership step, users will see the form prepopulated with data provided during sign-up and the PRE-KYC or PRE-accreditation forms. This information can be edited before submitting a new ownership type form.
- If the profile information was changed on Ownership step after signature step submition - signature step is reset.
- The ownership form includes sections for Personal Information and Address.
- Users are only allowed to proceed if they are either U.S. citizens or U.S. legal residents.
- Users are only allowed to proceed if the country is the United States. The County field is set to the United States by default.
- Users can cancel an investment, which will set the investment’s status to
CANCELED DURING INVESTMENT BY INVESTORand erase all progress made up to this step. - Users are allowed to return to any previous step and make changes, even if that step was already submitted.
- SSN field behavior:
- The SSN field requests the full SSN if it was not provided before.
- If the user has already provided a full SSN, the form on the ownership step will not include the SSN field. (to fix - do not show SSN since it is stored in the database and encrypted.)
- SSN values are saved and encrypted on the backend to allow the reuse of investment profile for future investments.
- The form cannot be submitted with any required fields blank.
- Upon successful submission, the investment status is updated to
OWNERSHIP, and the user is taken to the next step.
Individual Ownership Type Form #
| Field | Required? | Type | Validation Rules |
|---|---|---|---|
| Personal information | —- | - | - |
| First Name | Yes | Text input | Cannot be filled only with a sequence of spaces; should have at least 2 characters |
| Middle Name | No | Text input | Cannot be filled only with a sequence of spaces; should have at least 2 characters |
| Last Name | Yes | Text input | Cannot be filled only with a sequence of spaces; should have at least 2 characters |
| Date of Birth | Yes | Date field | Format: mm/dd/yyyy. Cannot be a future date or under 18 years; |
| Select Citizenship | Yes | Dropdown list | Can only be submitted with ‘U.S. Citizen’ or ‘U.S. Legal Resident’. Otherwise (‘Non Resident’), an error message appears next to the field |
| Phone Number | Yes | Text input | Format: +1 (XXX) XXX-XXXX. Only digits allowed. 1 could be chanhed with another counry code. |
| SSN | Yes | Text input | Format: XXX-XX-XXXX. Only digits allowed. Full SSN required for each new investment profile. Last 4 Digits of SSN are pre-populated if provided to another form (KYC/PRE-accreditation) i nthe same user session. This field is hidden when full SSN was provided for re-using a previously created investment profile. |
| Address | —- | - | - |
| Address 1 | Yes | Text input | Cannot be filled only with a sequence of spaces; Should have at least 4 characters |
| Address 2 | No | Text input | Cannot be filled only with a sequence of spaces; Should have at least 3 characters |
| City | Yes | Text input | Cannot be filled only with a sequence of spaces, Should have at least 2 characters, spaces are allowed as separators |
| State | Yes | Cannot be filled only with a sequence of spaces, Should have at least 2 characters, spaces are allowed as separators | |
| ZIP Code | Yes | Text input | Allows 5-digit (XXXXX) and 9-digit (XXXX-XXXX) formats. Only digits and ‘-’ separator allowed, no spaces. Length limited to 9 |
| Country | Yes | Dropdown list | Cannot be filled only with a sequence of spaces, Should have at least 2 characters, spaces are allowed as separators |
Additional fields if profile = sdira #
| Field | Required? | Type | Validation Rules |
|---|---|---|---|
| Custodian Information | |||
| Custodian | Yes | Selectbox | Options: ALTO/Other |
| Name of Custodian | Yes | Text input | Displayed if Custodian = Other. Cannot be filled with only a sequence of spaces; should have at least 2 characters |
| Custodian Website Address | Yes | Text input | Displayed if Custodian = Other; format required: https://www.example.com |
Additional fields if profile = solo401k #
| Field | Required? | Type | Validation Rules |
|---|---|---|---|
| Plan Information | |||
| Name of the Solo 401(k) | Yes | Text input | Cannot be filled with only a sequence of spaces;should have at least 2 characters |
| EIN | Yes | Text input | Only digits allowed, format: XX-XXXXXXX |
| Documentation | Yes | File input | PDF only allowed; Plan Agreement field |