Ally Invest Account Types

Ally Invest offers a variety of account types to cater to different investor needs. Here are the main account types available:

• Self-Directed Trading Accounts:
• Individual Accounts: For personal investment.
• Joint Accounts: For two or more individuals to invest together.
• Custodial Accounts: For minors, managed by an adult.
• IRAs: Includes Traditional, Roth, and Rollover IRAs.
• Coverdell Education Savings Account: For educational expenses.
• Managed Portfolios:
• Robo Portfolios: Automated investing options, professionally managed.
• Account Types: Individual, Joint, Traditional IRA, Roth IRA, Rollover IRA.
• Personal Advice Accounts:
• Available for existing customers with $100,000 in investable assets. Offers personalized financial planning.

Ally Invest Broker Account Opening Process

Opening an account with Ally Invest is straightforward and can be completed online in just a few steps:

• Visit the Ally Invest Website: Navigate to the "Open Account" page.

• Select Account Type: Choose from various account types, including:

• Self-Directed Trading
• Managed Portfolios
• Personal Advice
• Provide Personal Information: Fill out your basic biographical data, including:
• Name
• Email Address
• Social Security Number
• Financial Information: Input your financial details such as:
• Annual Income
• Net Worth
• Investment Experience

• Review and Confirm: After completing the application, review your information and accept the customer agreement.

• Account Approval: Most accounts are approved within minutes. You can then link your bank account to fund your new Ally Invest account.

• Funding Options: There are several ways to fund your account:

• ACH Transfer
• Wire Transfer
• Transfer from Another Broker
• Check Deposit

By following these steps, you can easily set up your Ally Invest account and start trading.