Park Avenue Securities Account Types

Park Avenue Securities offers several types of investment accounts to cater to different client needs. Here are the main account types available:

• Personal Account: Owned by a single individual, allowing full control over the account.
• Joint Account: Owned by two individuals with rights of survivorship, providing both individuals access to control and manage the account.
• Tax-Deferred Accounts: Such as IRAs and Roth IRAs, which offer tax advantages for retirement savings.
• Investment Programs: Various programs with different minimum initial investment requirements:
• Park Avenue Portfolio Select: Minimum investment of $25,000.
• Signature Portfolio Program: Minimum investment of $25,000 for mutual fund and ETF portfolios; $50,000 for individual security portfolios.
• Vest Wise: Minimum initial investment of $5,000.
• Park Avenue UMA Select: Minimum investment of $250,000.
• Park Avenue SMA Select: Varies based on advisor.
• Strategist Select and Strategist Select Plus: Minimum investment of $10,000.
• Foundations/Quantitative Innovations: Minimum investment of $10,000.

Park Avenue Securities Broker Account Opening Process

To open a broker account with Park Avenue Securities, follow these steps:

• Select Account Type: Choose the account type that best suits your investment goals and needs.
• Gather Required Information: You will need to provide personal information, including:
• Name
• Date of Birth
• Social Security Number
• Valid Government ID
• Additional financial information
• Complete Registration: Fill out the application form for the selected account type.
• Fund Your Account: Set up an electronic transfer from your bank or deposit funds via check. The minimum initial investment will depend on the account type chosen.
• Account Activation: Once your application is processed and the funds are deposited, your account will typically be activated within 24 to 48 hours.

For more details, you can visit the official Park Avenue Securities website.