Individual Or Joint Account Opening Instructions Form
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1Individual or Joint Account Opening Instructions
Conditions to Open a Joint Account
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When filling out the Brokerage Account Application, please indicate Individual or Joint (whichever is applicable) in the Account Type
field. For Joint accounts, also indicate the type (Joint Tenants W ROS, Tenants in Common, Tenants by Entirety, or Community Property).
Joint Tenants WROS (with rights of survivorship) – Upon the death of one account holder, the surviving account holder receives all
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assets in the account.
Tenants in Common – Upon the death of one account holder, the deceased’s percentage of assets goes to his or her estate according
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to the decedent’s will.
Tenants by Entirety (not recognized in all states) – Must be husband and wife; assets are transferred to the survivor. There are
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restrictions on transfer in the event of divorce.
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Community Property (not recognized in all states) – Must be husband and wife; upon the death of one account holder, one-half of
assets go to his or her estate according to the decedent’s will.
Required Forms and Agreements
– Please print legibly; do not use correction fluid or cross out information.
1.
Brokerage Account Application
Application Section
Special Considerations
Do you have any other account(s) with
Accounts refer to brokerage accounts, accounts over which you have power of
Scottrade or its affiliates (Scottrade
attorney (POA), trading authority or account linking; bank accounts, loans or
Bank)? (page 1)
equipment leases.
Primary Applicant
Individual’s information.
In addition to completing all name, SSN / tax ID, address and phone number fields, please take special note of:
Citizenship
Complete all fields, where applicable.
Employment
Complete all fields, where applicable. Include a description of your roles, duties and
responsibilities in the Job Description field. Use the Employer Industry and
Occupation Codes information sheet on page 3 to obtain codes for the Employer
Industry and Occupation Code fields. Employer industry represents the overall
business classification that describes your employer.
Income and Net Worth
Please provide this information to help us understand your financial status. Net
worth is defined as the sum of all your assets less your liabilities.
Affiliations
Answer all questions and complete fields, where applicable.
Expected Account Activities (page 1)
Complete this section to help us understand how you anticipate using your
Scottrade account. This information helps us fulfill certain regulatory requirements.
Your Investment Profile
Complete this section to help us understand your investment and trading
experience. W e will not use this information to supervise your suitability of any
transaction in your account.
Co-Applicant (page 2)
Leave blank for an Individual account. For a Joint Account, make an additional copy
of page 2 to complete for each co-applicant; all pages must be submitted together
with page 1 of the Application. Up to three individuals can be listed on a Joint
account.
In addition to completing all name, SSN / tax ID, address and phone number fields, please take special note of:
Citizenship
Complete all fields, where applicable.
Employment
Complete all fields, where applicable. Include a description of your roles, duties and
responsibilities in the Job Description field. Use the Employer Industry and
Occupation Codes information sheet on page 3 to obtain codes for the Employer
Industry and Occupation Code fields. Employer industry represents the overall
business classification that describes your employer.
Affiliations
Answer all questions and complete fields, where applicable.
Signatures
Individual signs for Individual account. Individual and Co-Applicant signs for Joint
account.
2.
Brokerage Account Agreement
Before signing the Application, read the Agreement and retain a copy for your records. You do not need to return this document.
3.
Privacy Statement
Please read this document and retain a copy for your records. You do not need to return this document.
Available Account Features
– Restrictions may apply; contact your
local Scottrade team
to confirm eligibility.
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Account Linking
Margin
Online Money Direct
Deposits (ACH)
Options Trading
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Scottrade Bank
Account
Sweep Program
TOD Beneficiary Plan
Trading Authorization
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Parent category: Business