DJG Financial Services Account Type

DJG Financial Services offers a variety of account types tailored to meet the diverse needs of its clients. The primary account types include:

• Cash Accounts: Clients must pay for securities in full at the time of purchase. This is the simplest type of brokerage account and is suitable for investors who want to avoid the risks associated with borrowing funds.

• Margin Accounts: These accounts allow clients to borrow money from the broker to purchase securities. While this can amplify potential gains, it also increases the risk of losses and may result in margin calls if the value of the securities declines significantly.

• Retirement Accounts: DJG Financial Services can assist clients in setting up retirement accounts that offer tax advantages for long-term savings.

• Taxable Investment Accounts: These accounts allow clients to invest in a wide range of securities, including stocks, bonds, and mutual funds, using post-tax dollars.

DJG Financial Services Broker Account Opening Process

Opening a broker account with DJG Financial Services involves several straightforward steps:

• Choose Account Type: Decide whether you want a cash account, margin account, or retirement account based on your investment goals and risk tolerance.

• Gather Required Information: Prepare necessary personal information, including your Social Security number, address, employment details, and bank account information for funding.

• Complete Application: Fill out the account application form on the DJG Financial Services website or in-person at their office located at 775 Pleasant Street, Suite 5, Weymouth, MA 02189.

• Fund Your Account: After your account is approved, you can fund it through electronic transfer, check, or by linking it to an existing bank account.

• Start Investing: Once your funds are available, you can begin purchasing securities according to your investment strategy.

For further details on the specific fees and services offered, clients are encouraged to review the firms Client Relationship Summary (CRS) document.