What Do Stock Brokerages Ask in an Account Application?
Before stock brokerages will let you open an account with them, they want to know a little bit about you first. As you will see in the Opening a Brokerage Account video, these are the basic categories of information a stock brokerage will ask for when you apply to open an account: – All about you – Account type – Employer – Investment I.Q. – Account funding All About You Stock brokerages want to know all about you. They want to know your name, your address, your social security number, your phone number, your email address and so on. They want to know all of these things to make sure you are a real person and not some fictional person used to launder money. They also want to know how to contact you in the future. Account Type When you open a brokerage account, you need to select what type of an account you want to open. The following are a few of the choices you have when opening a brokerage account: – Individual account – Joint account – Individual retirement account (IRA) – Rollover
