Account Types and Forms

Individual - Joint (JTWROS) - Individual Retirement Accounts (IRAs) - Roth IRA - Corporate - LLC - Trust - Sole Proprietor - Partnership - Miscellaneous


Individual

An account with one beneficial owner for people who want to trade personal capital.

Individual Account Application



Joint (JTWROS)

Most commonly for married couples, this is an account with two equal interest owners where upon the death or decision of incompetence of either owner, account ownership passes to the survivor.

Joint Account Application



Individual Retirement Accounts (IRAs)

Traditional
  • Contributions
    - $5000 per year
    - $6000 per year if 50 years old or older
  • Tax deferred earnings
  • Contributions may be tax deductible
*Note: Call for limitations

Traditional IRA Account Application



Roth IRA

  • Contributions
    - $5000 per year
    - $6000 per year if 50 years old or older
  • Tax deferred earnings
  • Non deductible contributions
  • Tax-free distributions (if 59 years old or older)
  • Income restrictions apply
*Note: Call for limitations

Roth IRA Account Application



Corporate

An account held in the name of a company with designated persons who act and trade on behalf of the company.

Corporate Account Application



LLC

An entity account managed by its members who also appoint a person or persons to act on the companies behalf.

LLC Account Application



Trust

An account where the investments are held in the name of the trust while the trustee controls the management of said investments.

Trust Account Application



Sole Proprietor

An account for the sole owner of an unincorporated business who is also the accounts beneficiary.

Sole Ownership Account Application



Partnership

Two or more individuals that designate members of the partnership to act on behalf of the partnership as a whole. Each individual owner of the partnership is equally and personally responsible for its debts.

Partnership Account Application



Miscellaneous

Fed Wire Request Form
Check Request Form
ACH Authorization
Change of Address
IRA Distribution
PenFlex Checking Account





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