Financial account ownership and flags that drive household rollup totals
Key Takeaway
On an investment account your firm manages, "Managed" rolls the balance into the household's assets under management (AUM) field. A jointly owned balance is counted once when owners in the same household roll up to the primary group. An organization-owned balance joins the client's household rollup summary if "Include in Group" is enabled on the organization's relationship with the client.
A financial account's balance reaches a household's totals through its owners and a few settings. In the managed package data model, the Primary Owner and Joint Owner fields record who owns the account. Each owner's relationship to a household records whether that household is their primary group. Settings such as Managed and Include in Group then decide where a balance is counted. A consultant who configures Householding and Rollups needs these rules to predict what a household total will show.
Ownership of a financial account
In the Agentforce Financial Services managed package data model, two lookup fields on the financial account object determine ownership: primary owner and joint owner.
The "Primary Owner" can be a household member or an organizational entity, but it can't be a household.
The standard data model records ownership in a different place, as the table shows.
| Managed Package Data Model | Standard Data Model | |
|---|---|---|
| Ownership of a financial account | Two lookup fields on the financial account object: primary owner and joint owner | The Financial Account Party object, a junction between Account and Financial Account. The role in Financial Account Party sets the customer's role. |
| Balances of financial accounts | Fields within the Financial Account object | A separate object, Financial Account Balance |
When the "Financial Account Management Standard Objects" setting is turned on and the managed package is installed, both the standard objects and the managed package objects are visible in the org. Salesforce recommends that you consistently use one set or the other, and avoid mixing both when you set up the financial account and its related features.
Priya and Sam share a checking account. In the managed package data model, Priya is the Primary Owner and Sam is the Joint Owner on the financial account record. In the standard data model, the same account has two Financial Account Party records, one for Priya and one for Sam, and each has the role Owner.