Common Investments Account Types

　　Common Investments offers a variety of brokerage account types to cater to different investment needs and preferences. The primary account types include:

• 　　Standard Brokerage Account: This account allows investors to buy and sell a wide range of securities, including stocks, bonds, and mutual funds. There are no contribution limits, and investors can withdraw funds without penalties.

• 　　Retirement Accounts: Common Investments provides access to various retirement accounts such as Traditional IRAs and Roth IRAs. These accounts offer tax advantages but come with specific contribution limits and withdrawal rules.

• 　　Margin Accounts: This type of account allows investors to borrow funds from the broker to purchase securities, enhancing their buying power. However, margin accounts carry higher risks due to the potential for margin calls.

• 　　Custodial Accounts: Designed for minors, these accounts are managed by an adult custodian until the child reaches the age of majority. They can include various investment options, similar to standard brokerage accounts.

• 　　Educational Accounts: Common Investments also offers accounts specifically for educational purposes, such as 529 plans, which help save for college expenses.

  　　

　　

Common Investments Broker Account Opening Process

　　Opening a broker account with Common Investments is a straightforward process that typically involves the following steps:

• 　　Select Account Type: Determine which type of account best suits your investment goals, whether it's a standard brokerage account, retirement account, or margin account.

• 　　Complete Application: Fill out the online application form. You will need to provide personal information, including your Social Security number, contact details, and financial information.

• 　　Provide Identification: Submit identification documents, such as a drivers license or passport, to verify your identity.

• 　　Fund Your Account: After your application is approved, you will need to fund your account. Common Investments usually allows funding through electronic transfer, wire transfer, or check.

• 　　Start Investing: Once your account is funded, you can begin trading and managing your investments according to your chosen strategy.

　　By following these steps, you can effectively set up your brokerage account and start your investment journey with Common Investments.