Manulife Brokerage Account Types
Manulife Financial offers a variety of brokerage account types designed to meet the diverse needs of investors. The primary account types include:
- Individual Brokerage Account: This account is ideal for individual investors looking to buy and sell stocks, bonds, and mutual funds.
- Joint Brokerage Account: Suitable for two or more individuals who want to invest together, sharing ownership and responsibility for the account.
- Retirement Accounts: These accounts, such as RRSPs (Registered Retirement Savings Plans) and TFSAs (Tax-Free Savings Accounts), provide tax advantages for retirement savings.
- Corporate Accounts: Designed for businesses looking to invest surplus cash or manage company funds.
Each account type has specific benefits and features tailored to different investment goals and strategies.
Manulife Broker Account Opening Process
Opening a brokerage account with Manulife is a straightforward process that typically involves the following steps:
- Visit the Manulife Website: Start by accessing the Manulife brokerage account page.
- Select Account Type: Choose the type of account you wish to open (e.g., Individual, Joint, Retirement).
- Complete Application: Fill out the online application form, providing personal information such as your name, address, and social security number.
- Submit Required Documents: You may need to upload identification documents, such as a passport or driver's license, and proof of address.
- Review and Submit: Carefully review your application for accuracy and submit it for processing.
- Account Approval: Once your application is reviewed, you will receive a notification regarding the approval status. This may take a few minutes to a couple of days.
- Fund Your Account: After approval, link your bank account to deposit funds into your brokerage account.
- Start Trading: Once your account is funded, you can begin buying and selling investments through the Manulife trading platform.
For more detailed information, please refer to the Manulife website.
Manulife accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .