Aries Account Types

Aries offers several types of accounts tailored to meet diverse investment needs:

• Individual Account: A personal brokerage account for individual traders with only one account owner.
• Joint Accounts:
• Joint with Right of Survivorship: Two account owners; if one passes away, the remaining owner retains full rights to the account.
• Joint Tenants in Common: Two to three account owners, each owning a specified percentage; upon death, the deceased's portion goes to their beneficiaries.
• Custodial Account: Established for a minor, managed by a guardian on their behalf.
• Retirement Accounts:
• Traditional IRA: Allows tax-deductible contributions if qualified, with taxes on withdrawals.
• Roth IRA: After-tax contributions with tax-free withdrawals if qualified.
• SEP IRA: Contributions made by employers to employees' traditional IRAs.
• SIMPLE IRA: A retirement plan for small businesses with matching contributions.
• Entity Accounts:
• Trust: Managed by a trustee for the benefit of designated beneficiaries.
• Corporation: Owned by a corporation and managed by appointed officers.
• General and Limited Partnerships: Managed by partners, with specific ownership structures.
• Limited Liability Company (LLC): Managed by members with passive interests.
• Sole Proprietorship: Owned by an individual under a business name.

For detailed information, visit Aries Help.

Aries Broker Account Opening Process

Opening a brokerage account with Aries is a straightforward process. Heres how to do it:

• Choose Account Type: Decide which type of account suits your investment goals (Individual, Joint, Custodial, Retirement, or Entity).
• Gather Required Information: Prepare personal information, including:
• Social Security Number (or Tax Identification Number)
• Government-issued ID (Driver's License or Passport)
• Employment information
• Financial data (annual income, net worth)
• Complete Application: Fill out the application on the Aries website or at a branch office.
• Fund Your Account: Transfer funds from your checking or savings account, or through a wire transfer.
• Start Trading: Once your account is funded, you can begin making investments.

For more details, refer to the Aries account opening guidelines on their website.