eTrade Account

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eTrade Account Types

Individual, joint and custodial ETrade accounts can be opened and are established based on the purpose of the financial investment.  Account choices include Brokerage, Individual and Small Business Retirement Accounts, as well as Managed Accounts. 

eTrade Brokerage Accounts 

ETrade offers a variety of trading accounts designed to help people gain earnings by investing in various assets on the stock market.  These accounts provide access to the full range of E*Trade investments, as well as its advanced tools and experienced customer service personnel.  Brokerage Accounts can be opened in any of the following trading arenas: 

  • Futures Trading Accounts provide access to every major futures exchange in the world, as well as advanced tools and professional customer support services. 

  • Coverdell Education Savings Accounts enable parents, grandparents and others to save money for educational expenses of the named beneficiary related to qualified primary and secondary schools, as well as graduate and postgraduate studies.  Qualified expenses include tuition, books and uniforms.   

  • Custodial Accounts are generally managed by a parent on behalf of a minor child to help them save money to enhance the future of the beneficiary minor. 

  • Trust and Estate Accounts provide all the tools necessary for Trust and Estate Administrators to manage the benefits of an estate or trust via Trustee, Executor or Conservator. 

  • ETrade Pro 2 Accounts are designed for experienced and active traders and offer full access to the firm’s assets, market data, trading tools, educational materials and more. 

  • Investment Accounts for Corporations provide all the powerful tools necessary for cash management including research and educational trading materials designed specifically for incorporated business enterprises. 

  • Investment Club Accounts allow traders to pool assets with family, friends and others to collaborate and arrive at the best investment decisions for the club members.

Individual Retirement Accounts (IRAs) 

E*Trade customers can choose from a variety of IRAs designed to grow earnings using short and long term investment strategies and include the following types of trading accounts: 

  • Rollover IRA Accounts allow traders to transfer old 401(k) proceeds into a new IRA that provides greater flexibility and better control of personal investments. 

  • Traditional IRA Accounts allow investors to make tax-deductible contributions to their retirement savings accounts to increase tax-deferred retirement earnings. 

  • Roth IRA Accounts allow tax-free growth of investments and tax and penalty-free fund withdrawals at any time on certain qualified distributions. 

  • Beneficiary IRA Accounts are designed for people who have inherited IRA assets and want to preserve and protect those assets until tax-deferred distribution. 

  • E*Trade’s Complete IRA Account allows people over 59 and a half years old to upgrade existing E*Trade IRA Accounts into this newer, more flexible and convenient Complete IRA Account that offers a a full range of cash management tools and features. 

  • IRA for Minor Accounts are opened to benefit a minor child who has earned income and wants to save money for his or her own future.  These accounts are typically managed by a parent or legal guardian until the minor reaches the age of majority.

Small Business Retirement Accounts 

ETrade clients who own small businesses can open a variety of accounts designed to help owners offer retirement benefits to employees who want to establish and contribute to some sort of retirement savings.  These types of accounts include the following: 

  • Individual and Roth Individual 401(k) Accounts are designed for self-employed people who run small businesses that have no employees other than a spouse and who want to maximize retirement savings. 

  • Simple IRA Accounts are similar to 401(k) savings accounts and provide an inexpensive and easy way to administer retirement plans for businesses with less than 100 employees 

  • SEP IRA Accounts are Simplified Employee Pension IRAs for small businesses and self-employed folks who are looking for a low cost and tax deferred retirement savings account. 

  • Profit Sharing Plan Accounts are flexible means for small business owners to make contributions to their each of their employees’ retirement savings funds.  

  • Investment Only (Non-Custodial Accounts) are retirement plans with flexible choices for plan administrators and others who manage investment funds of others. 

  • Money Purchase Plan Accounts allow employees of small businesses to contribute a maximum equal to 25% of total compensation to a tax-deferred individual retirement account.

Managed Accounts 

ETrade offers Managed Accounts that allow investors to rely on the wisdom and expertise of professional investors and traders who are generally college educated individuals with degrees in finance, marketing or other related discipline.  These accounts allow newbies and professionals alike to engage in trading in markets with which they are unfamiliar or don’t have time to figure out on their own. The following E*Trade Managed Accounts are offered:   

  • Adaptive Portfolio Accounts are self-adjusting diversified portfolios offered by ETrade Capital Management and are built around a trader’s individual financial goals, risk tolerance and short and long term investment goals.  These accounts are automatically rebalanced as necessary to help traders stay on their intended investment paths. 

  • Managed Investment Portfolio Accounts require low minimum investments and are offered by ETrade Capital Management.  These Managed Accounts allow traders to work with professional financial consultants to build a diverse investment portfolio designed around their particular financial situation and future goals. 

  • Unified Managed Accounts are customized portfolios of stocks, mutual funds and/or Exchange Traded Funds (ETFs) which consist of individual securities that are selected and managed by professional investors. 

  • OneStop Rollover IRA Accounts offered by E*Trade Capital Management enable traders to roll over old IRAs into one, new account customized for their particular financial goals.

eTrade Account Types Conclusion

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