Aberdeen Standard Account Type

Aberdeen Standard offers a variety of account types to cater to different investor needs. The main types of accounts include:

• Direct Investor Accounts: These accounts allow individual investors to directly invest in Aberdeen Standard funds without intermediary involvement. Investors have full control over their investment decisions.

• Financial Adviser Accounts: Designed for financial professionals, these accounts enable advisers to manage investments on behalf of their clients. They provide access to a broader range of investment options and tools.

• Self-Investor Accounts: These accounts are tailored for individuals who prefer to manage their investments independently. They typically come with access to various investment products and tools for self-directed trading.

• Wrap Accounts: Aimed at clients who have received advice from a financial adviser, these accounts combine different investment products into a single account, simplifying management and reporting.

• Elevate Accounts: These accounts are usually recommended by financial advisers and provide a platform for investing in a range of financial products, including funds and stocks.

Aberdeen Standard Broker Account Opening Process

To open an account with Aberdeen Standard, follow these steps:

• Select the Account Type: Decide which account type suits your investment needs—Direct Investor, Financial Adviser, Self-Investor, Wrap, or Elevate.

• Complete the Application: For Direct Investors and Financial Advisers, you can apply online through the respective links provided on the Aberdeen Standard website. You will need to provide personal information, including:

• Email address and phone number
• Tax file number (or ABN, ACN, ARC N)
• Postal address details
• Identification documents

• Identification Verification: New investors must complete the relevant identification form for compliance with anti-money laundering laws. This may involve submitting identification documents online or with a hard copy application.

• Make a Payment: Fund your account by transferring money to the designated bank account. Ensure that your application and funds are submitted before the cut-off time to process on the same business day.

• Submit Paperwork: Send any completed forms, online investment confirmations, and requested documents to the specified address for processing.

• Receive Confirmation: Once your application is processed, you will receive a confirmation statement detailing your account setup and initial investments.

For more detailed information, visit the official Aberdeen Standard Investments website.