Opening Different Types of Accounts

What types of accounts can an online investor open with CompassWeb Brokerage?

How do I open a(n):

Individual Account?

Joint Account?

IRA Account?

Qualified Plan account?

Custodial Account?

Estate or Trust Account?

Corporate or Partnership Account?

Investment Club Account?

What is a:

Transfer on Death Account?

Cash on Hand Account?

A corporate or partnership account is an account registered in the name of a corporation (e.g. ABC, Inc.) or partnership (Jim and John Smith Partnership or Smith, LTD). Because a corporate resolution or partnership agreement must be reviewed before a corporate or partnership account is established, you can only open these types of accounts by completing a paper application.

To receive an application to open a corporate or partnership account, Click on the Customer Service button, then select Request Forms. Check the box marked Corporate Account Application or Partnership Account Application, and any other forms you wish to receive. You should receive the application within 10 days. To prevent processing delays, please answer all questions on the application. Your account should be activated within one business day of receipt of your completed application, and is subject to the terms of our customer agreement.

An investment club account is an account established for a group of persons or entities agreeing to engage in an investment account collectively under the name of the investment club. An investment club agreement must be completed and reviewed before such an account is established, therefore a paper application must be completed to open the account.

To receive an application to open an investment club account, Click on the Customer Service button, then select Request Forms. Check the box marked Investment Club Account Application, and any other forms you wish to receive. You should receive the application within 10 days. To prevent processing delays, please answer all questions on the application. Your account should be activated within one business day of receipt of your completed application, and is subject to the terms of our customer agreement.

Securities and Investment Products are not FDIC insured, may lose value and have no bank guarantee.