How do I open a club checking and brokerage account?
Most clubs begin with both a checking and a brokerage account. Some brokerage accounts include check-writing privileges. Consider using your local bank or credit union and a discount or online brokerage firm. Choose the type of broker (full-service, discount or online) that best matches the goals and needs of your club. Scottrade (online broker) has partnered with BetterInvesting and offers investment club accounts. MyStockFund (online broker) has partnered with BetterInvesting to offer discounted pricing for members.
Most clubs begin with both a checking and a brokerage account. Some brokerage accounts include check-writing privileges. Consider using your local bank or credit union and a discount or online brokerage firm. Choose the type of broker (full-service, discount or online) that best matches the goals and needs of your club. MyStockFund (online broker) has partnered with BetterInvesting to offer discounted pricing for members.
Related Questions
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