STANDARD DOMESTIC ACCOUNTS

TRUST ACCOUNT

DESCRIPTION

An account where the assets are registered in the name of a trust managed by the named trustees for the benefit of the account owner or other named beneficiaries. 

CASH ACCOUNT

All securities in a cash account must be paid in full. 

MARGIN ACCOUNT

A margin account allows the investor to borrow money for investing purposes by using the account's existing equity as collateral.  A minimum of $2,000 and a signed Margin Agreement is required.

REQUIRED DOCUMENTS

New Account Form
Trustee Certification of Investment Powers Form
Copy of the Trust
Copy of driver's license or passport for each trustee named

OPTIONAL FORMS

Margin Agreement
Options Agreement
Account Transfer Form
ACH Activation Form
PenFlex Application (checkwriting)

NOTES & RESTRICTIONS

Trustee(s) must be at least 18 years of age
Make all checks payable to Penson Financial Services