Ch 18: Customer Account Types & Registrations
About This Chapter
Customer Account Types & Registrations - Chapter Summary
Strengthening your comprehension of different types of customer accounts and registrations is an easy process when studying this chapter. We offer fun lessons developed by top instructors that provide complete overviews of securities accounts, trust accounts, IRAs and more. Finishing this chapter will ensure you're ready to:
- Describe types and characteristics of securities accounts
- Share types of customer account registrations in finance
- Discuss the taxation of trust accounts
- Define and explain the rules of a custodial account
- Differentiate between traditional and Roth IRAs
- Explain rules and options for a qualified retirement plan
All lessons in this chapter are quick to review, easy to navigate and feature mini quizzes that let you test your knowledge of main concepts in a short amount of time. If you don't have time to study using your home computer, take advantage of mobile features that let you access all chapter materials anytime via your smartphone or tablet. Don't spend too much time trying to grasp a specific lesson topic. Instead, shoot your questions to subject-matter experts and let them provide the clarity you need.

1. Securities Accounts: Types & Characteristics
In this lesson you will learn the types and characteristics of many common securities accounts including cash, margin, commission, fee-based, advisory, and more.

2. Customer Account Registrations in Finance: Types & Characteristics
This lesson covers the various types of personal and non-personal accounts an investment professional may encounter. We also discuss the important customer information that is needed for each different type of account.

3. Trust Accounts: Types & Taxation
This lesson focuses on the description, details, and definitions of the various types of trusts, as well as benefits of each type of trust and the taxation of trust accounts.

4. What is a Custodial Account? - Definition & Rules
A custodial account is a special type of account used to set aside money for another party. In this lesson, which focuses on custodial accounts created for minors, we will define custodial account, explain the associated rules, and discuss the tax implications for this investment tool.

5. Traditional IRAs vs Roth IRAs
Many working people have what are called IRAs. In this lesson, you'll learn about the two major types of IRAs and the different tax benefits that each brings. You'll also learn what needs to be reported on tax returns and which form to use.

6. What is a Qualified Retirement Plan? - Rules & Options
This lesson includes an overview of qualified retirement plans, including explanations of the two types (defined benefit plan and defined contribution plan), rules, and options regarding withdrawals, and penalties.
Earning College Credit
Did you know… We have over 220 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Other Chapters
Other chapters within the SIE Exam Study Guide course
- Federal Laws & Regulations in the Securities Industry
- Regulatory Entities & Agencies
- Market Participants & Structure
- Federal Reserve & Market Impacts
- Economic Factors
- Offerings in the Securities Industry
- Equity Securities
- Debt Instruments
- Options in the Financial Industry
- Investment Companies & Packaged Products
- Municipal Fund Securities
- DPPs, REITs & Hedge Funds
- Exchange-Traded Products (ETPs)
- Overview of Investment Risks
- Trading Orders & Strategies
- Investment Returns & Trade Settlement
- Corporate Actions
- Anti-Money Laundering (AML)
- Books, Records & Privacy in Finance
- Public Communications & Suitability Requirements
- Prohibited Activities in the Financial Industry
- Regulatory Framework in the Security Industry