Additional Account Entitlements

• Margin Agreement
• Options Agreement
• Characteristics and Risks of Standardized Options booklet (for reference only)
• Valet Account

International Accounts

Please refer to the Foreign Investors page for additional details.

• IRS tax form W-8BEN
• W-8BEN Instructions (For Reference Only)

Retirement Account - IRA's

(The Traditional, Roth, and Rollover IRAs all available as paperless, online applications, click here.)

Traditional or Rollover IRA

Mandatory Forms:

• IRA Adoption Agreement
• Online Service Agreement

Optional Forms:

• Options Agreement (covered call options)
• Account Transfer Form

For Reference:

• IRA Custodial Agreement & Disclosure Statement

• Traditional IRA eligibility: You can establish and make contributions to an IRA if you received taxable compensation during the year and have not yet reached the age of 70 1/2 by the end of the year. Contributions may be made up to the lesser of 100% of compensation or $5,000 ($6,000 for individuals over the age of 50) in 2010. If you maintain multiple IRA accounts, the maximum contribution to all of the accounts can not exceed these totals. An IRA for any year may be opened and funded at anytime before the due date for filing your tax return, not including any extensions.
• Rollover IRA eligibility: If you received an eligible rollover distribution from your IRA, employer's qualified pension, profit sharing or stock bonus plan, annuity plan, or tax sheltered annuity plan (403(b) plan), you can roll over all or part of it into an IRA. Rollover contributions must be made by the 60th day after the day you receive a distribution from your IRA or employer's plan in order to continue their tax-deferred status.

Roth IRA

• Mandatory Forms:
• ROTH IRA Adoption Agreement
• Online Service Agreement
• Optional Forms:
• Options Agreement (covered call options)
• Account Transfer Form
• For Reference:
• Roth IRA Custodial Agreement & Disclosure Statement

• Roth IRA eligibility: For eligibility rules and contribution limits, see IRS Publication 590, page 56.
• Traditional IRA vs. Roth IRA: Unlike contributions to a Traditional IRA, contributions to a Roth IRA are not deductible. Distributions from a Roth IRA are tax-free if held for at least five years and used for a qualified purpose such as reaching age 59, disability, first home purchase, or death.
  Contributions may be made after age 70. No required minimum distribution rules apply. Traditional IRAs may be converted to Roth IRAs provided the taxpayers adjusted gross income is under the limit.

SEP IRA

• Mandatory Forms:
• SEP IRA Adoption Agreement
• Online Service Agreement
• Optional Forms:
• Options Agreement (covered call options)
• Account Transfer Form
• For Reference:
• IRA Custodial Agreement & Disclosure Statement

• SEP IRA eligibility: Any employer, including a sole proprietor with no employees, can establish a SEP for the benefit of all eligible employees. The owner of the business is also considered an employee who is eligible to receive a SEP contribution. Due to everchanging tax laws, refer to IRS Publication 560 for further details.

Simple IRA

• Mandatory Forms:
• SIMPLE IRA Adoption Agreement
• Online Service Agreement

Optional Forms:

• Options Agreement
• Account Transfer Form

For Reference:

• SIMPLE IRA Custodial Agreement & Disclosure Statement

• Simple IRA eligibility: Due to everchanging tax laws, refer to IRS publication 4284 for details.

Beneficiary IRA

Instructions:

In order for a beneficiary to receive/liquidate assets from the deceased's IRA, the beneficiary/executor needs to follow these steps (which can be taken by mailing in all forms at once):

• Open the Beneficiary IRA account. The following forms must be sumbitted:
  • IRA Adoption Agreement (Be sure to write in "Beneficiary IRA" at top of form)
  • Online Service Agreement This is an optional form. Submit only if online account access is required.
  • Affidavit of Domicile
  • The Death Certificate (a photocopy will suffice)
• Transfer all or a proportionate share of assets from the deceased's IRA to the beneficiary IRA:
  • The beneficiary must submit a signed letter of authorization (LOA) stating to the effect: “John Doe passed away on xx/xx/xxxx. Transfer all assets from deceased’s IRA account to my IRA beneficiary account.”
  • Note: If there are no surving beneficaries, the executor's LOA must be notarized.
• After the assets have been transfered from the deceased's IRA to the beneficiary IRA, a final distribution may be taken by the beneficiary. There is one form necessary for this:
  • IRA Distribution Form

For Reference:

• IRA Custodial Agreement & Disclosure Statement

Education Savings Account

• Mandatory Forms:
• Education Savings Account Adoption Agreement
• Online Service Agreement
• Optional Forms:
• Options Agreement (covered call options)
• Account Transfer Form
• For Reference:
• Education Savings Account Custodial Agreement & Disclosure Statement
• Education Savings Account Eligibility: See IRS publication 970 {pdf} regarding Income Limits (pg 56), Qualified Education Expenses (pg 56), Contribution Limits (pg 57), and Distributions (pg 61).
• Tax Deferred Earnings / Tax Free Withdrawals: While contributions are not tax deductible, the earnings in the account grow on a tax deferred basis and distributions are tax free if used to pay qualified higher education expenses.
  Qualified higher education expenses include college level tuition, fees, books, equipment, and basic room and board. Any withdrawals not used for qualified education expenses are subject to both income taxes and a 10% IRS penalty and must be distributed to the Designated Beneficiary within 30 days of their 30th birthday.

• Beneficiary Designation
• Education Savings Account Withdrawal Form* For reference only: Education Savings Account Withdrawal Rules & Conditions.
• Traditional, SEP, or SIMPLE IRA Distribution Form* For reference: Traditional, SEP, or SIMPLE IRA Distribution Rules & Conditions
• IRA Check Writing (for those over 59 1/2)
• IRA Journal Contribution Form*
• IRA Required Minimum Distribution Form* For reference only: IRA RMD Rules&Conditions
• Roth IRA Conversion Form* (Use to convert an IRA to a Roth IRA) For reference only: Roth IRA Conversion Rules& Conditions
• Roth IRA Distribution Form* For reference only: Roth IRA Distibution Rules & Conditions

* This particular form may be faxed to (212) 766-0914.

BEFORE EXECUTING THESE FORMS YOU SHOULD CONSULT WITH YOUR ATTORNEY OR TAX ADVISOR TO DETERMINE WHETHER THIS IRA WILL ACCOMPLISH YOUR GOALS.

Account Transfer Forms

• Account Transfer Form
• ACH Agreement
  
  What is ACH?
• Wire Transfer Form*
• IRA Distribution Form*
• IRA Journal Contribution Form*

Other Documents and Forms

• Address Change Form
• Affidavit of Domicile
• Corporate Resolution
• Dividend Reinvestment Plan
• DTCC Disposition Form (Dispose of securities deemed worthless/non-transferrable by Depository Trust & Clearing Corp)
• Householding Form
• Limited Trading Authorization Form
• Mail Authorization Form
• Mutual Fund Period Investment Plan Form
• Stock Power Form
• W-9
• W-8BEN, W-8BEN Instructions