Account Types and Forms
Individual - Joint (JTWROS) - Individual Retirement Accounts (IRAs) - Corporate - LLC - Trust - Sole Proprietor - Partnership - Miscellaneous

Individual

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

Forms:
Cover Page/Agreements
New Account Approval Form
Customer Account Agreement with Margin
Options Agreement
Account Transfer Form


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.

Forms:
Cover Page/Agreements
New Account Approval Form
Customer Account Agreement with Margin
Options Agreement
Account Transfer Form
Joint Account Agreements (combined)

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

Cover Page/Agreements
IRA Contribution Form
Traditional IRA Application
New Account Approval Form
Account Transfer Form

Roth
  • 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

Cover Page/Agreements
IRA Contribution Form
Roth IRA Application
New Account Approval Form
Account Transfer Form

Corporate

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

Forms:
Cover Page/Agreements
New Account Approval Form
Customer Account Agreement with Margin
Options Agreement
Account Transfer Form
Corporate Account Agreement

LLC

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

Forms:
Cover Page/Agreements
New Account Approval Form
Customer Account Agreement with Margin
Options Agreement
LLC Agreement
Account Transfer Form

Trust

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

Forms:
Cover Page/Agreements
New Account Approval Form
Customer Account Agreement with Margin
Options Agreement
Trust Agreement (provided by the customer) OR Trustee Certification
Account Transfer Form

Sole Proprietor

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

Forms:
Cover Page/Agreements
Assumed Name Certificate (Provided by the Customer)
New Account Approval Form
Customer Account Agreement with Margin
Options Agreement
Sole Ownership Agreement
Account Transfer Form

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.

Forms:
Cover Page/Agreements
Partnership Agreement
New Account Approval Form
Customer Account Agreement with Margin
Options Agreement
Account Transfer Form

Miscellaneous

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


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