How to use BrokerLink
BrokerLink Protection provides a fast and easy way to maintain updated SmartStop
powered exit protection on stocks held with participating brokers.
Currently, the SmartStops BrokerLink capability is available only for TD AMERITRADE
account holders. If you would like to use SmartStops BrokerLink with another broker,
let us know and tell ask you broker about integrating with SmartStops.
BrokerLink Protection – Quick Start Overview
If you have already created a BrokerLink enabled portfolio and want to put BrokerLink
automated protection on your stocks, follow these simple steps. From you’re My Portfolios
page, select your BrokerLink enabled portfolio and click on the BrokerLink Order
Requests link.
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Click Synchronize your portfolio to ensure you are viewing up to date information.
SmartStops will call out to your brokerage account requesting the latest information
regarding your positions and update this page accordingly.
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Set your protective order preferences for each of your holdings. Select the number
of shares you want included in the protective stop order, the trigger type you would
like to use and if you want protection turned on or off at this time. You can simply
save these settings for future action or save and submit order requests to your
broker.
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Click “Save & Submit” to submit your protective order requests to your broker.
Upon acceptance, these orders will cancel and replace any orders generated from
previous SmartStops.net BrokerLink order requests.
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Each day your SmartStop order requests will be updated with the latest SmartStop
trigger prices. To update your protective orders with your broker, you must log
into your SmartStops account and click “Save & Submit”.
Note: You can not add or remove stocks from a BrokerLinked Portfolio. This portfolio
is updated by synchronizing with the associated brokerage account. To selectively
add stocks to a watch list, create a new portfolio that is not BrokerLink enabled.
For additional information regarding BrokerLink enabled portfolio creation, protection
management and resulting orders, please see below.
SmartStop BrokerLink Protection Status
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BrokerLink protection is turned off for this position. Protective order requests are not being sent to the broker.
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BrokerLink is turned on for this position, but no BrokerLink initiated protective
orders are currently in place with your broker. Click the Save & Submit button to
send protective order requests to your broker.
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BrokerLink is turned on for this position and there is a BrokerLink initiated protective
order currently in place with your broker. Note: The protective order in place may
or may not have the latest SmartStop trigger. You must submit updated order requests
for each market day to maintain the latest SmartStop triggers.
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The information presented is current as of the last synchronized date and time.
Your first step in any procedure or analysis should always be to synchronize your
portfolio to ensure you are viewing the latest information.
Adding BrokerLink To An Existing SmartStops Account
Log into your SmartStops Account. Go to “My Account” then click “Edit” by My Services.
On the service selection page, click the BrokerLink check box and enter the following
offer code: “TDAECFREE”. Click “Calculate Total” to view your adjusted charges.
Be sure you have selected a large enough portfolio limit to accommodate all the
stocks in your TD AMERITRADE account.
Click “Save”. If your charge amount is greater than zero, you will be prompted to
enter your credit card information.
Creating A BrokerLink Enabled Portfolio
Once you have added the BrokerLink service to your account, the first step is to
create a BrokerLink enabled portfolio. Click on “Create a new portfolio”. Enter
a name for your portfolio and select TD AMERITRADE as your broker. Then click the
check box to BrokerLink enable this portfolio and click “Save & Continue”. You will
be prompted to enter the account information for the brokerage portfolio you would
like to synchronize with. Compete this information and click Synchronize. You will
now be viewing your synchronized portfolio. Your BrokerLink enabled portfolio will
display all the stocks and ETF’s held in the associated brokerage account. The portfolio
will not show any positions in mutual funds or options.
Note: You can not add or remove stocks from a BrokerLinked Portfolio. This portfolio
is updated by synchronizing with the associated brokerage account. To add stocks
to a watch list, create a new portfolio that is not BrokerLink enabled.
Setting Up BrokerLink Order Requests
With BrokerLink, you can have protective stop order requests for your stocks automatically
updated each day with the latest SmartStops and prepared for you to review and submit
to your broker at a click of the mouse.
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From your My Portfolios page, select the BrokerLinked portfolio you would like
to manage.
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Go to the BrokerLink Protection page for that portfolio and Synchronize your account.
If your broker account login information is not cookied on your computer, you will
be prompted to log in to your brokerage account. SmartStops.net does not store your
brokerage login information. Your SmartStop BrokerLinked porfolio is now synchronized
with your brokerage account.
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In the BrokerLink order request table, select the order specifications you would
like deployed for each of your positions. Be sure to turn protection on for each
of the positions for which you would like order requests submitted. Note: Order
requests containing Short Term or Long Term SmartStop triggers will be automatically
updated at the end of each market day with the latest published SmartStops. Custom
trigger values will remain constant until changed by you.
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Click the “Save & Submit” button. These order requests have now been sent to your
broker and you will presented with confirmation that they have been accepted or
declined.
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Maintaining & Updating BrokerLink Order Requests
At the end of each market day, SmartStop portfolio protection users will receive
an End Of Day Report including:
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A table listing all the stocks they have in their SmartStop portfolios with the
latest published SmartStops for use the next market day.
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A table listing the BrokerLink protective order requests that have been updated
with the latest SmartStops and are awaiting approval and submittal.
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To submit your updated protective order requests to your broker log into your SmartStops
account and got to the BrokerLink Order Requests page and click the “Save & Submit”
button at the bottom of the BrokerLink Order Requests table. Its that easy!
The icons to the right of the table will reflect for each of your positions that
status of protection.
What if you have submitted order requests but would like to change your protective
orders? Each time you click “Save & Submit” order requests are sent to your broker
requesting a cancellation of the previous orders submitted a replacement per your
new order request instructions. Simply update your order request preferences and
click “Save & Submit” to have the updated order request sent to your broker.
Brokerage Specific Order Information
TD AMERITRADE:
All orders resulting from accepted order requests are placed by TD AMERITRADE as Stop Market Orders. If the price of the stock hits the “trigger” the position will be sold at the next available price. This “fill” price may be above or below the “trigger” price. Accepted orders are good till canceled or until they expire 7 days from the date placed.
TD AMERITRADE, Inc. and SMARTSTOPS.net are separate, unaffiliated companies and are not responsible for each other’s services and products. Brokerage services for this portfolio provided exclusively by TD AMERITRADE, Inc., member SIPC.
