Tips & Considerations for Brokerage Accounts

What You Need to Open a Brokerage Account

Opening a brokerage account takes only a couple of minutes, and you just need a couple pieces of information at hand. Brokers are required to meet certain standards of knowledge in their clients and their risk tolerance, in order to prevent money laundering and funding of terrorism. Furthermore, understanding your investing experience and building a general profile enables them to offer some advice for self-directed investors. Be sure to prepare:

How to Pick the Best Brokerage Account for You

Some great beginner brokerage firms include E*TRADE and TD Ameritrade, among many others. Many banks even offer investing platforms, such as Capital One and Wells Fargo.

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