Brokerage

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Brokerage

A Brokerage Accounts is an account an investor can open one with a broker or investment firm and may purchase stocks, bonds, mutual funds, and other assets.



Contact Us Now

What Is Estate Planning?

Though where retirement plans have limitations on the amount of money that can be deposited annually and constraints on withdrawal of funds, non-qualified brokerage accounts are more flexible.

There are no income or contribution caps and investors can withdraw their money at any time, which is part of the reason they are popular.

What Is a Brokerage Account?

In contrast to bank accounts, brokerage accounts provide you with access to a variety of different investments including stocks, bonds, and mutual funds.

Most brokerage accounts often provide more complex investments such as options, forex or futures, as well as simpler investments such as CDs and accounts for cash management.

You should open and fund a brokerage account with an investment firm or brokerage service, and use the funds that you have deposited to buy investments.

Through your brokerage account, you own the money and investment opportunities and at any moment, you can sell an investment.

The broker keeps your account and serves as a middleman between you and the investments you want to buy.

Difference Between Non-Qualified Brokerage Accounts And Retirement Accounts

A regular brokerage account is also referred to as a non-qualified account, which means that there are no tax benefits to invest in the account — in most cases, the investment earnings are taxed.

On the plus side, that means these accounts have very few rules: at any time, for any reason, you can pull out your money and invest as much as you would like.

But if you invest for retirement, you 're going to want to open a retirement account instead of a non-qualified brokerage account.

A retirement plan, such as a Roth or traditional IRA, is a tax-advantageous investment account planned specifically for your savings in retirement.

How Do Brokerage Accounts Work?

A lot of brokers allow you to quickly open an account online.

The brokerage account can be funded by moving money from your checking or saving account, a process that takes a few days to a week. If you want to change the brokerage firms, you can also move money from one brokerage account to another.

In general, you don't need much money to open a brokerage account — several brokerage firms would allow you to open an account without an initial deposit. Before purchasing an investment, however, you'll need to fund the account.

You can have as many brokerage accounts you want and there is no restriction or the amount of money you can deposit into a non-qualified brokerage account each year. There should be no fee to open a brokerage account.

After you have opened an account that is free to do, you are going to move funds into it to purchase investments.

The most important thing to keep an eye on Fees.

A brokerage account is associated with a range of fees, much like any investment account, which would ultimately rely on the broker who manages the account.

Big fees to remember include the account management fee, which is a monthly, quarterly, or annual fee charged by certain brokers, as well as commissions, which are the fees paid to the broker for carrying out a trade.

Set up an automated transfer to your brokerage account, which you can do online if you want to grow your investments.

Just make sure first of all that the emergency fund and retirement plans are funded properly.

Although savers use brokerage accounts to supplement savings, they aren't the same. Like with all investments, there is always the possibility that you will lose money, though the market has always gone up traditionally.

Types of Investments in a Brokerage Account

  • Mutual Funds
  • Common Stocks
  • Preferred Stocks
  • Bonds
  • ETFs
  • REITs

Preparing a savings and investment plan in the long term can have a significant effect on the life of an investor.

Having a brokerage account as part of your overall retirement saving plan will provide key benefits like early retirement possibilities, leave your heirs a tax-efficient legacy, and the opportunity to minimize your retirement tax liability.

We Put Your Interests First

Our mission is to help you achieve your goals by showing you ways of protecting what's important to you, investing in your future, and preparing for your retirement.

Contact Us