Chatham Wealth Management Account Types

Chatham Wealth Management offers a variety of account types designed to meet the diverse needs of their clients, including retail investors and high-net-worth individuals. The primary account types include:

• Individual Brokerage Accounts: These are standard accounts that allow clients to buy and sell a range of securities, including stocks, bonds, and ETFs. They do not have tax advantages but provide flexibility for withdrawals.

• Retirement Accounts: Chatham also facilitates retirement accounts, such as Traditional IRAs and Roth IRAs, which offer tax benefits for long-term savings. Contributions to Traditional IRAs may be tax-deductible, while Roth IRAs allow for tax-free withdrawals under certain conditions.

• Discretionary Accounts: All accounts managed by Chatham Wealth Management are discretionary, meaning the firm has the authority to make investment decisions on behalf of the client.

• High-Net-Worth Accounts: Specifically tailored for high-net-worth individuals, these accounts provide personalized investment strategies and comprehensive financial planning services.

Chatham Wealth Management Broker Account Opening Process

Opening a brokerage account with Chatham Wealth Management involves several straightforward steps:

• Determine the Account Type: Decide which type of account best suits your investment goals, whether it's an individual brokerage account or a retirement account.

• Gather Required Information: Prepare necessary personal information, including your Social Security number, financial details, and investment objectives.

• Complete the Application: Fill out the new account application, which can typically be done online. The application will require you to provide details about your financial situation and investment goals.

• Fund Your Account: Once your account is opened, you will need to fund it. Chatham Wealth Management accepts various funding methods, including:

• Electronic Funds Transfer (EFT): Transfer money directly from your linked bank account.
• Wire Transfer: A quick method for funding your account directly from your bank.
• Check Deposits: Mail a check to fund your account.
• Asset Transfer: Move existing investments from another brokerage.
• Start Investing: After funding your account, you can begin researching and selecting investments that align with your financial goals.

For more information about the account types and the opening process, you can visit Chatham Wealth Management.