| |
Besides offering you a full line of investment services, including IRA accounts and online stock trading and mutual fund accounts, the Scottrade discount brokerage firm also spotlights a variety of specialty accounts dedicated to helping you meet your investment goals.
For detailed information on any of these financial services, contact a Scottrade stock broker in your area and he or she will be more than happy to explain these accounts in more detail so you can decide which ones are right for your personal and financial needs.
A trust account involves a fiduciary relationship, when a person, called a trustee, handles property for the benefit of another person, the beneficiary.*
The Estate includes the ownership rights or claims to property, both real estate and personal property, at the time of death. The total of a person's assets passes to his heirs, according to the terms of a will, or is disposed of at the discretion of a probate court if no will is left. Individuals plan for the orderly distribution of an estate through estate planning, which involves the drawing of will and creation of trusts, to achieve maximum benefit for heirs or trust beneficiaries in event of death.*
Scottrade specialty accounts can cover a variety of different partnerships.
Group of investors who pool their money and make joint investments.
Sole Proprietorship accounts are for unincorporated businesses owned and controlled by one person, ordinarily under a business name other than the owner's. Sole owners are treated as individual accounts, and may open interest bearing checking accounts, unlike corporations.*
An account held in the name of a corporation.
Scottrade also welcomes traditional brokerage customers who do not perform stock trading transactions over the Internet. For your convenience, we have more than 439 brokerage branch locations across the country staffed with stock brokers who will promptly transact your business via the phone or in person.
Our traditional brokerage commissions for stock trading orders are just two cents per share in addition to the online stock broker-assisted and touchtone rates. The online stock broker-assisted commissions for other types of transactions, including stocks priced under $1 also apply to our traditional stock investment customers.
As a traditional customer, you'll receive mailed confirmations and statements at no additional charge.
LLC is a type of business organization, recognized as a legal form of business in most states, combining features of a corporation and a partnership. Treated as a partnership, an LLC provides its organizers with liability protection from claims and lawsuits similar to a corporation, and its owners are taxed as individuals.*
Qualified plans that meet the requirements of the IRS for the exclusive benefit of employees and their beneficiaries.
* The catalog defined above has been adapted from Barron's Dictionary of Banking Terms, Fourth Edition, by Thomas P. Fitch.
This information is not intended to be legal or tax advice. Please consult a tax, legal, or financial professional with questions.
Brokerage Products and Services offered by Scottrade, Inc. – Member FINRA and SIPC.
Online market and limit stock trades are just $7 for stocks priced $1 and above.
Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.
Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade branch office. The prospectus should be read carefully before investing. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.
Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund (ETF) carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.
Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.
Options are not appropriate for all investors. Detailed information on our policies and the risks associated with options can be found in Scottrade's Options Application and Agreement, Brokerage Account Agreement, and Characteristics and Risks of Standardized Options (also available at one of our branch offices). All option accounts require prior approval by Scottrade.
Investors should consider the investment objectives, risks, charges, and expenses of mutual fund carefully before investing. A prospectus contains this and other information about the fund and is available through www.scottrade.com or through a Scottrade branch office. The prospectus should be read carefully before investing. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.
Market volatility, volume, and system availability may impact account access and trade execution.
Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.