Account Management Types

Account Management types describes who has trading authority on a client's account.

Standard Brokerage Accounts

Account Ownership Type

Enum

Description

Self Directed Account

"SELF"

The client directs trades in their account

Managed Account

"ADVISORY"

The client's account is accessible to an Investment Advisor, but trades are placed only by the client's authorization

RIA Managed Account

"RIA_MANAGED"

An Investment Advisor has discretion to exercise trades in the client's account

Custodial Account

"CUSTODIAL"

The client manages an account for a minor beneficiary

Custodial Account

"CUSTODIAL_MANAGED"

An investment advisor manages an account for a minor beneficiary

Cash Reserve

"RESERVED"

A cash management account that cannot be used to purchase securities

Retirement Accounts

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User Document Requirements for Retirement Accounts

To use the following account types, the following details are required on the Account's User:

  1. The DISCLOSURES Digital Document should have the iraAgreement flag set
  2. The PERSONAL_INFO Digital Document should have the irsBackupWithholdings property set

Account Ownership Type

Enum

Description

Traditional Retirement Self Directed Account

"RETIREMENT_TRADITIONAL_SELF"

The client directs trades in their account

Traditional Retirement Managed Account

"RETIREMENT_TRADITIONAL_ADVISORY

The client's account is accessible to an Investment Advisor, but trades are placed only by the client's authorization

Traditional Retirement RIA Managed Account

"RETIREMENT_TRADITIONAL_RIA_MANAGED"

An Investment Advisor has discretion to exercise trades in the client's account

Roth Retirement Self Directed Account

"RETIREMENT_ROTH_SELF"

The client directs trades in their account

Roth Retirement Managed Account

"RETIREMENT_ROTH_ADVISORY"

The client's account is accessible to an Investment Advisor, but trades are placed only by the client's authorization

Roth Retirement RIA Managed Account

"RETIREMENT_ROTH_RIA_MANAGED"

An Investment Advisor has discretion to exercise trades in the client's account

Trusts

Account Ownership Type

Enum

Description

Trust Self Directed Account

"TRUST_SELF"

The primary trustee trades the trust account themselves

Trust Managed Account

"TRUST_ADVISORY"

The trust is accessible to an Investment Advisor, but trades are placed only by the client's authorization

Trust RIA Managed Account

"TRUST_RIA_MANAGED"

The trust account is fully managed by a registered investment advisor