TriMet Account Type

TriMet offers different types of accounts for investors interested in purchasing bonds and engaging in other financial activities. The primary account types include:

• Brokerage Account: Required to buy TriMet bonds. Investors must have an account with a brokerage firm that participates in the bond sale. This account enables investors to place orders during the retail sale period.

• Self-Directed Brokerage Account: This option allows TriMet employees and retirees to access a wider range of investment options, including publicly traded mutual funds and ETFs. It provides greater flexibility in managing investments.

• Deferred Compensation Accounts: TriMet employees can participate in deferred compensation plans, such as 457(b) and 401(a) plans, which offer tax-advantaged retirement savings options.

TriMet Broker Account Opening Process

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

• Learn About the Bonds: Read the Preliminary Official Statement (POS) available on the TriMet website or from participating brokers to understand the bonds' security, maturity dates, credit ratings, and project financing.

• Open a Brokerage Account:

• Choose a Participating Broker: You must select a brokerage firm that participates in the bond sale. If you already have an account, proceed to the next step.
• Account Setup: If you do not have an account, you can open one. It's advisable to start this process well in advance of the sale date, as it may take time for the brokerage firm to process your application.
• Place Your Order:
• Contact Your Broker: Once your account is set up, reach out to your broker either online or by phone to inquire about purchasing bonds during the retail sales period.
• Discuss Details: Talk about the number of bonds, maturity dates, and pricing with your broker, and address any questions you may have based on the POS.

By following these steps, investors can successfully open a brokerage account and participate in TriMet's bond offerings.