Investment Club Account Opening Instructions
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1Investment Club Account Opening Instructions
Note about this Account Type
Investors opening Investment Club accounts are designated as
professional subscribers
if certain conditions are met. Professional subscribers
will receive delayed quotes.
Click here
for more information about the professional subscriber designation. Please contact your
local Scottrade
team
for more information or with questions.
Conditions to Open an Investment Club Account
When filling out the Brokerage Account Application, please indicate Investment Club in the Account Type field.
Required Forms and Agreements
– Please print legibly; do not use correction fluid or cross out information.
1.
Brokerage Account Application
Application Section
Special Considerations
Do you have any other account(s) with
Accounts refer to brokerage accounts, accounts over which you have power of
Scottrade or its affiliates (Scottrade
attorney (POA), trading authority or account linking; bank accounts, loans or
Bank)? (page 1)
equipment leases.
Primary Applicant
Investment Club’s information.
In addition to completing all name, SSN / tax ID, address and phone number fields, please take special note of:
Income and Net Worth
Please provide this information to help us understand your financial status. Net
worth is defined as the sum of all your assets less your liabilities.
Co-Applicant (page 2)
Member’s information. For additional members, make an additional copy of
page 2 to complete for each member; all pages must be submitted together
with page 1 of the Application.
In addition to completing all name, SSN / tax ID, address and phone number fields, please take special note of:
Expected Account Activities (page 1)
Complete this section to help us understand how you anticipate using your
Scottrade account. This information helps us fulfill certain regulatory requirements.
Your Investment Profile
Complete this section to help us understand your investment and trading
experience. W e will not use this information to supervise your suitability of any
transaction in your account.
Citizenship
Complete all fields, where applicable.
Employment
Complete all fields, where applicable. Include a description of your roles, duties and
responsibilities in the Job Description field. Use the Employer Industry and
Occupation Codes information sheet on page 3 to obtain codes for the Employer
Industry and Occupation Code fields. Employer industry represents the overall
business classification that describes your employer.
Income and Net Worth
Please provide this information to help us understand your financial status. Net
worth is defined as the sum of all your assets less your liabilities.
Affiliations
Answer all questions and complete fields, where applicable.
Signatures
Member(s) signs as Co-Applicant.
2.
Brokerage Account Agreement
Before signing the Application, read the Agreement and retain a copy for your records. You do not need to return this document.
3.
Privacy Statement
Please read this document and retain a copy for your records. You do not need to return this document.
4.
Investment Club Certification
This form must be signed by all Current Members.
Additional Documentation
5.
– Requirements vary by state. Contact your local Scottrade team for state-specific information and
acceptable alternative documentation.
Submit a copy of your Investment Club Agreement signed by all Current Members.
Available Account Features
– Restrictions may apply; contact your
local Scottrade team
to confirm eligibility.
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Account Linking
Margin
Online Money Direct
Deposits (ACH)
Options Trading
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Scottrade Bank Account
Sweep Program
TOD Beneficiary Plan
Trading Authorization
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