I am getting the following error message while creating an account (Person Account/Household):

"FinServ.AccountTrigger: execution of BeforeInsert caused by: FinServ.MoiExceptionWrapper.ValidationException: Your account record type is missing, a duplicate, or invalid. Ask your admin to check the individual record type configurations in Setup. (FinServ)"

I think it has something to do with my account record type settings. I tried checking in setup for the same but couldn't find anything. Also under Wealth Management Set up> Groups > Record types - I didn't find any records. Is this ok?
 
*Note - The org set up is not part of any firm or entity. Its set up for training purposes as suggested in Trailhead modules.
 
Any help to resolve this would be great. Thanks in advance.