Creating an account group

After you have created the user, you can set up the parent account group as follows:

POST /account_groups

This request accepts two parameters in its body:

Parameter	Description
`user_id`	Required: The ID of the user to be associated with this account group.
`type`	Required: Possible values are - `PERSONAL`: Account group of a person who holds assets in his own name. We support one `PERSONAL` account group per user. - `LEGAL_ENTITY`: Account group of a legal entity that holds assets in the name of its users.

Example

{
  "user_id": "413715f2-5401-4b97-8055-034a6b879f8c",
  "type": "PERSONAL"
}

In the response to this request, you will receive an account group ID, which is needed to create an account and to take further actions on the account group itself.

Account group status

The response to the request to create an account group, contains status field.

The following statuses can apply to an account group:

Status	Description
`PENDING_APPROVAL`	Account group approval is pending - the account group is visible via our API but cannot be acted on.
`ACTIVE`	Account group is active - full functionality of the Investment API is accessible.
`LOCKED`	Account group is locked for all actions.
`CLOSING`	Account group is closing.
`CLOSED`	Account group is closed.

Initially this will be the PENDING APPROVAL status.

As soon as all requirements for activating the account group are met, its status will transition to ACTIVE.

Our flexible regulatory checks ensure that the onboarding process only takes a few seconds instead of days.

Webhooks

You will also receive the following webooks notifying you of the key events in account group creation and acitivation:

Listing account groups

You can list all account groups of a specific user with

GET /users/{user_ID}/account_groups

All account groups can be listed with

GET /account_groups

Next steps

After successfully creating the account group, you can now dedicate yourself to creating an account.