Error: Registration error: Record operation could not be performed. Object reference not set to an instance of an object - when registering WealthPoint in CRM

A user is trying to set up WealthPoint in CRM. 
When registering WealthPoint from the Wealth and Ratings page, they receive the error: Registration error: Record operation could not be performed. Object reference not set to an instance of an object.
 
Contact support and provide the solution ID. 

Steps to Duplicate

  1. Log into CRM
  2. Click Prospects
  3. Under Configuration, click Wealth and Ratings Data
  4. On the left hand side under Tasks, click Register with WealthPoint
Error appears here

Environment

 Blackbaud CRM

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