House Wealth broker Accounts

House Wealth Account Types

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

• Cash Account: This is the most basic type of account where investors can buy and sell securities using the cash deposited in the account. No borrowing is allowed, and trades must be settled with available funds.

• Margin Account: This account allows investors to borrow funds from the brokerage to purchase securities, leveraging their investments. It requires a minimum balance and is subject to margin requirements, which can amplify both gains and losses.

• Retirement Accounts: House Wealth provides options for tax-advantaged accounts, such as Traditional IRAs and Roth IRAs, which help investors save for retirement while enjoying tax benefits.

• Managed Accounts: For those seeking professional management, House Wealth offers managed accounts where financial advisors make investment decisions based on the client's goals and risk tolerance.

House Wealth Broker Account Opening Process

Opening a brokerage account with House Wealth is a straightforward process that generally involves the following steps:

• Choose Account Type: Determine which type of account suits your investment strategy (Cash, Margin, Retirement, or Managed).

• Gather Required Information: Prepare personal information such as:

• Full Name
• Social Security Number
• Address
• Employment Information
• Financial Status (Annual Income, Net Worth)

• Complete Application: Fill out the online application on the House Wealth website or visit a local branch. This process typically takes about 10-15 minutes.

• Fund Your Account: After your application is approved, link your bank account to transfer funds. You can also fund your account via check or wire transfer.

• Start Trading: Once your account is funded, you can begin buying and selling securities according to your investment strategy.

By following these steps, you can efficiently establish a brokerage account with House Wealth and start your investment journey.