Rating Index

Pros

Offers a wide range of coverage options from multiple vendors, providing clients with more flexibility.

Clients have praised the customer service, highlighting personal attention and support throughout their experience.

As a broker, they can shop for the best rates and coverage, potentially saving clients money compared to direct insurers.

Cons

Lacks valid regulatory oversight, raising concerns about the safety and security of client funds.

Negative reviews and reports of fraudulent activities associated with the broker, suggesting a high risk of scams.

Limited transparency regarding their operations and practices, which may lead to distrust among potential clients.

COLLINS broker Accounts

Collins Account Type

Collins offers a variety of investment account types tailored to different investor needs. The main account types available are:

Individual Accounts: Designed for single investors looking to manage their own portfolios.
Joint Accounts: For two or more individuals who want to invest together.
Company Accounts: Intended for businesses that wish to manage investments.
Trust Accounts: Available for those investing on behalf of a trust.
Self-Managed Super Fund (SMSF) Accounts: Tailored for individuals managing their own superannuation funds.
Minor Accounts: For parents or guardians wishing to invest on behalf of children under 18.

The minimum investment required to open an account is $5,000. Each account type offers access to a professionally managed portfolio, with options for high income, balanced, growth, and socially responsible investments.

Collins Broker Account Opening Process

Opening an account with Collins is a straightforward process that can be completed in just a few steps:

Choose Your Portfolio: Select a portfolio that best suits your risk profile and investment goals from the available options.
Complete the Application: Fill out the short account opening application form online. This will require personal information such as your name, address, and tax file number.
Transfer Funds: After your application is approved, you will be asked to transfer the minimum investment amount of $5,000. You can transfer funds in multiple payments if necessary.
Investment Confirmation: Once your funds have cleared (usually within 2-3 days), Collins will invest in the portfolio you selected. You will receive notifications regarding the status of your investment.

For more details, you can visit the Collins House website at Collins House Online.