EJ Account Types

Question 1

What type of account includes Individual, Joint, and Individual 529?

Answer 1

Non- Retirement Select

Question 2

Is Trade authority Allowed in Select Accounts?

Answer 2

Yes

Question 3

In which account type is trade authority not allowed and requires authorization?

Answer 3

Advisory Solutions Fund & UMA

Question 4

Do guided Solutions Flex accounts allow trades?

Answer 4

yes, limited and full

Question 5

What type of accounts can be guided solution flex accounts?(7)

Answer 5

IND.
JOINT
TRAD IRA
ROTH IRA
SEP IRA
SIMPLE IRA
Inh. IRA

Question 6

What is a flex account?

Answer 6

a cash account, with check-writing functionality, designed for your short-term savings goal

Question 7

what is a fund account?

Answer 7

you’ll be able to choose from an extensive list of eligible mutual funds and exchange-traded funds (ETFs). Mutual funds and ETFs hold many investments inside of them, providing diversification within your portfolio.

Question 8

What is the minimum for a fund account?

Answer 8

$5000

Question 9

What is the minimum initial investment for a flex account?

Answer 9

$25000

Question 10

What are the types of Retirement accounts?(5)

Answer 10

401K,
Roth IRA (pre taxed),
Trad. IRA (taxed when withdrawn), 403 b (tax advantaged 401k for non profit org employees)
457 plans (tax-advantaged retirement plans similar to 401(k)s, offered by state/ local public employers and certain tax-exempt employers)

Question 11

What is a custodial account?

Answer 11

an account for a minor that can hold gifts of cash or investments

Question 12

What does Dollar cost averaging or DCA mean?

Answer 12

means investing a fixed dollar amount at regular intervals.

Question 13

What is a 529?

Answer 13

investment account that offers tax benefits when used toward qualified education expenses for the account beneficiary.

Question 14

what is a select account?

Answer 14

Hands-on approach
can include Stocks, bonds,(CDs), mutual funds, exchange-traded funds (ETFs) and annuities
has Flexibility and a $0 minimum

Question 15

what type of accounts can be a Guided Solutions Fund account?(7)

Answer 15

Ind
Joint
Trad IRA
Roth IRA
SEP IRA
SIMPLE IRA
Inh. IRA

Question 16

Flex Fund Accounts include which two account types?

Answer 16

Individual and Joint

Question 17

Select Retirement Accounts include what type of accounts?

Answer 17

Trad. IRA
ROTH IRA
SEP IRA
SIMPLE IRA
Inh. IRA

Question 18

Which accounts is trading NOT allowed?

Answer 18

Inh. IRA
Custodial 529s
Custodial Accounts
Trust Accounts
Business Accounts
Minor Retirement accounts
Owner K accounts
Pooled ERISA Accounts
Fiduciary Accounts

Question 19

What does Fiduciary mean?

Answer 19

a fiduciary is someone that manages money or property for someone else.