Specialty Account Types - TD AMERITRADE - Investment Club, Trust, LLC, Partnership, Sole Proprietorship

Specialty Account Types Comparison
	Description Hide detail	Client profiles	Investment choices	Notable Account Features (free and subscription-only)	Minimums and fees
Trust	A Trust account allows the account owner to transfer assets to one or more recipients, called trustees, who hold legal title to the transferred assets and manage the assets for the benefit of the owner or other named beneficiaries. TD AMERITRADE offers legally established taxable living, revocable, irrevocable and testamentary trusts. They must already have the trust created by an Attorney and then they may open a brokerage account with TD AMERITRADE.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option	The trust will state what method of trading is allowed.	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees
Limited Partnership	A Limited Partnership (LP) account is established by two or more individuals who carry on a business for profit, in which at least one partner bears unlimited liability and additional partners are liable only to the extent of their investment. TD AMERITRADE offers accounts for legally established limited partnerships.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option	Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks) Mutual Funds, Exchange Traded Funds (ETF) Bonds Options CDs Index Shares Unit Investment Trusts Real Estate Investment Trusts	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees
Partnership	A Partnership account is established by an association of two or more persons who have an established partnership agreement to carry on, as co-owners, a business for profit. The accounts are not subject to taxation. Instead, the taxes flow through to the individual partners and are reported on their personal income tax returns.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option	Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks) Mutual Funds, Exchange Traded Funds (ETF) Bonds Options CDs Index Shares Unit Investment Trusts Real Estate Investment Trusts	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees
Investment Club	An Investment Club account is established by a group of people who meet regularly and pool their funds to invest in securities. Since most investment clubs are formed as partnerships, their dividends and realized capital gains and losses are passed through for tax reporting by the individual members.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option	Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks) Mutual Funds, Exchange Traded Funds (ETF) Bonds Options CDs Index Shares Unit Investment Trusts Real Estate Investment Trusts	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees
Limited Liability	A Limited Liability account offers some of the most popular benefits of partnership and corporate accounts. It offers the pass through tax status of the partnerships, and the limited personal liability of corporations. The liability of the company and its owners is limited to their investment. States that require two or more members are Massachusetts, South Dakota and Wyoming. TD AMERITRADE offers accounts for legally established LLCs.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option	Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks) Mutual Funds, Exchange Traded Funds (ETF) Bonds Options CDs Index Shares Unit Investment Trusts Real Estate Investment Trusts	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees
Sole Proprietorship	A Sole Proprietorship account is established for a non-incorporated, single-owner business in which the owner and the owner's company are considered a single entity for tax and liability purposes.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option	Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks) Mutual Funds Exchange Traded Funds (ETF) Bonds Options CDs Index Shares Unit Investment Trusts Real Estate Investment Trusts	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees
Corporate (profit or non-profit)	A Corporate Account is established by a legal entity, authorized by a state, ordinarily consisting of an association of numerous individuals. A corporation can acquire assets, enter into contracts, sue or be sued, and pay taxes in its own name.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option	Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks) Mutual Funds, Exchange Traded Funds (ETF) Bonds Options CDs Index Shares Unit Investment Trusts Real Estate Investment Trusts	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees
Non-incorporated	A Non-incorporated account is established by non-incorporated, non-profit organizations. These are not chartered as corporations, and therefore lack the powers and immunities of a corporate enterprise.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option	Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks) Mutual Funds, Exchange Traded Funds (ETF) Bonds Options CDs Index Shares Unit Investment Trusts Real Estate Investment Trusts	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees
Pension or Profit Plan	Pension or Profit Plan accounts are tax-exempt trusts that can be set up by a company or self-employed individual for the purpose of retirement. Examples of tax exempt trusts include: 401K, Keogh, Profit Sharing Plans (PSP), Money Purchase Pension Plans (MPP), Defined Benefit Plan (DBP), Defined Contribution Plan and Retirement Trust.	Cash, Cash & Margin, Cash & Option; Cash, Margin & Option. The Margin and Option approval on this account type is strictly specified in the Plan document provided by the Plan to TD AMERITRADE.	The plan will specify what method of trading is allowed.	Portfolio Planner WealthRuler Command Center 2.0 StrategyDesk QuoteScope Trade Triggers Conditional Orders Advanced Analyzer Market Motion Detector SnapTicket Streaming News S&P Reports MarketEdge Link to Microsoft Money or Quicken programs Gain/Loss Tracker (free to all clients) GainsKeeper (reduced rate to TD AMERITRADE clients)	Account minimums There is no minimum funding required to open an account Margin or option privileges on account require a minimum of $2,000 No maintenance fees