Pinnacle offers a wide arrange of account types and structures to meet the requirements of any client including:
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Fully Disclosed Individual |
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LLC |
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Joint Accounts |
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Corporate |
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IRA |
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Partnership |
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Roth IRA |
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Trust |
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Sole Proprietorship |
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Fully Disclosed Individual Accounts
Fully disclosed accounts are for individual traders. Pinnacle offers the maximum equities margin rate allowed by US regulations, allowing clients to maximize their day trading buying power. We offer Equity buying power equal to 4 times maintenance excess (4:1) for all accounts that meet the minimum equity requirements for day trading accounts.
Joint Accounts
An account owned by two or more individuals. If one dies, his or her portion of the account is transferred to his or her designated beneficiary(ies) or survivor depending on the type of joint account.
Corporate Accounts
Pinnacle provides a full range of corporate structures including Partnerships, LLC and Associations with the ability for separate sub-accounts on all structures. Trading platforms, commissions and risk parameters can be individually tailored and monitored for each sub-account.
IRA (US Residence)
This is an individual retirement account that must comply with federal laws in order to be treated as such and receive applicable IRA tax benefits. We recommended that you consult with your tax advisor if you are uncertain about compliance with these laws in connection with opening and/or maintaining your account as an IRA. You will also need to review the IRA Booklet prior to opening this type of account.
Roth IRA (US Residence)
This is a specific type of individual retirement account created by the Taxpayer Relief Act of 1997 that must comply with federal law in order to be treated as such and receive applicable Roth IRA tax benefits. We recommended that you consult with your tax advisor if you are uncertain about compliance with these laws in connection with opening and/or maintaining your account as a Roth IRA. You will also need to review the IRA Booklet prior to opening this type of account.
Sole Proprietorship
A sole proprietorship is a business owned by one individual and conducted under a company name. This is often called a "fictitious" name. There is no entity of any kind associated with a sole proprietorship since it is simply an individual owning 100% of a business. Please note that laws relating to sole proprietorships vary from state to state in the US.
LLC
This type of account is owned by a limited liability company. The account must be in the full, legal name of the limited liability company as set forth in the articles or certificate of organization. Included with the account opening forms are certifications on which you must set forth the names of the officers, members or managers who are authorized to act on behalf of the limited liability company with respect to the account.
Partnership
This is an account owned by a limited partnership. The account must be in the full, legal name of the limited partnership as set forth in its certificate or articles of limited partnership. Included with the account opening forms are certifications on which you must set forth the names of the general partners who are authorized to act on behalf of the partnership with respect to the account. If any of those general partners is a corporation or limited liability company, certified resolutions that set forth the names of the officers, members or managers who are authorized to act on behalf of that corporation or limited liability company will also be required.