Domini Account Type

Domini offers various types of mutual fund accounts to cater to different investment needs. The available account types include:

• General Investment Accounts
• Individual Investment Account: A standard, non-retirement mutual fund account for a single person.
• Joint Tenant Investment Account: A standard, non-retirement mutual fund account for couples and business partners.
• Custodial Investment Account: A standard, non-retirement mutual fund account in a childs name but managed by an adult.
• Retirement Accounts
• Roth IRA: A tax-deferred individual retirement account with nondeductible contributions.
• Traditional IRA: A tax-deferred individual retirement account, typically with tax-deductible or pre-tax contributions.
• Traditional Rollover IRA: Used to consolidate pre-tax employer-sponsored retirement plans like 401(k)s.
• Roth Rollover IRA: Used to consolidate Roth 401(k)s or employer-sponsored retirement plans.
• SEP IRA: Designed for business owners and their employees to save for retirement.
• SIMPLE IRA: A tax-deferred employer-provided retirement plan allowing employees to save for retirement.
• Education Accounts
• Coverdell Education Savings Account: A tax-deferred account that helps those under 18 save for college.

Domini Broker Account Opening Process

To open a broker account with Domini, you can either do it online or by mail. Heres the process for each method:

Online Account Opening

You can open the following individual accounts online:

• Roth IRA
• Traditional IRA
• Individual Investment Account
• Joint Tenant Investment Account
• UTMA/UGMA Custodial Account

Requirements:

• Social Security Number: Your own and any beneficiaries' if applicable.
• United States Based Address: A valid address in the U.S.
• Email Address: For communication and verification.

Mail Account Opening

Any account type can be opened by mail. You can:

• Print out the forms online and mail them in.
• Request an investment kit with pre-printed forms to fill out and send back.

Investment Minimums:

• $2,500 per fund for standard accounts.
• $1,500 per fund for IRAs and Coverdell ESAs.
• $1,500 if opened with an automatic investment plan.

For more details, visit: Domini Account Facts