Wedbush Securities Account Types

Wedbush Securities offers various types of accounts tailored to meet the needs of individual investors and businesses. The primary account types include:

• Individual Retirement Accounts (IRAs): These accounts allow individuals to save for retirement with tax advantages. They include Traditional IRAs, Roth IRAs, and Rollover IRAs.
• Traditional IRA: Contributions may be tax-deductible, and taxes on earnings are deferred until withdrawal.
• Roth IRA: Contributions are made after taxes, but qualified withdrawals are tax-free.
• Rollover IRA: Allows individuals to transfer retirement savings from previous employers into a new IRA.

• Individual 401(k): Designed for self-employed individuals, this plan allows for higher contribution limits compared to other retirement plans.

• Coverdell Education Savings Account: This account helps individuals save for a child's education with tax-deferred growth and tax-free withdrawals for qualified expenses.

• Keogh Accounts: Tax-deferred pension plans for self-employed individuals or unincorporated businesses.

• Futures Trading Accounts: For those interested in trading futures, Wedbush provides accounts that require specific documentation and compliance with federal laws.

Wedbush Securities Broker Account Opening Process

To open an account with Wedbush Securities, follow these steps:

• Complete the Application Forms:
• Access and fill out the appropriate account forms for the type of account you wish to open. This can include individual, retirement, or futures trading accounts.
• Submit Identification:
• For U.S. citizens: Provide a copy of a drivers license, state-issued ID, passport, or utility bill.
• For non-U.S. persons: Provide a passport, government-issued ID, or similar documents.
• Mail or Fax the Forms:
• Send the completed forms to the designated address or fax number provided in the account opening instructions.
• Fund Your Account:
• Fund your account via personal or cashier's check made out to Wedbush Securities Inc. Alternatively, you can wire funds using specific instructions provided during the account opening process.
• Verification and Compliance:
• Be prepared for identity verification as required by federal law to prevent money laundering and terrorism financing.

For more detailed information, including the specific forms and funding instructions, visit the official Wedbush website or contact their support team.