Harvard Brokerage Account Types

Harvard offers various types of brokerage accounts to cater to different investment needs. The primary account types include:

• Main Account (Type M): This is required for all awards and captures expense transactions for each budget period.
• Part-of Account (Type P): Additional accounts established within a budget period to manage specific tasks due to award restrictions.
• Subagreement Account (Type S): A special part-of account for capturing transactions related to subagreements.
• Participant Support Account (Type PSC): A restricted account for tracking expenses related to participant support costs.

These account types are governed by specific rules and must follow the chart of account rules, ensuring proper management of funds and reporting.

Harvard Broker Account Opening Process

To open a brokerage account with Harvard, follow these steps:

• Select the Account Type: Determine which account type suits your needs (e.g., Main Account, Part-of Account).
• Gather Required Information: Prepare necessary information such as your authorized tub, org, fund, activity, sub-activity, and root.
• Contact Harvard's Office for Sponsored Programs: Reach out for guidance on the specific requirements for your chosen account type.
• Complete the Application: Fill out any required forms and submit them as directed by the Office for Sponsored Programs.
• Await Approval: After submission, wait for approval and further instructions regarding fund allocation and management.

For detailed information, refer to the official resources provided by Harvard's Office for Sponsored Programs.