Brokerage Accounts

    A brokerage account gives you the flexibility to access your investments whenever you need them. Whether you’re focused on building long-term wealth or preparing for upcoming expenses, it offers the freedom to manage your money on your own terms.

    AdobeStock_440541631_Preview 1 (1)-1

    What Can You Do With A Brokerage Account?

    You can use your brokerage account to gain access to stocks and other types of investments. Opening a brokerage account is one of the first steps to building your personal investment portfolio.
     
    • Buy and sell stocks, mutual funds, ETFs, and other securities.
    • Take advantage of potential long-term growth.
    • Set aside money for your retirement, or other goals like college tuition or a down payment.
    • Gain access to investment research, tools, and strategies.

    Types of Brokerage Accounts

    Individual Account

     

    A standard account for one person.

    Joint Account

     

    A shared account between two people or more.

    Cash Account

     

    You invest only the money you deposit - safer for beginners.

    How is a Brokerage Account Different From Other Accounts?

    Brokerage Account Retirement Account

    Purpose of Account

    Investing Earmarked for long term growth and retirement savings

    Fees

    No fees to open and maintain your account   No fees to open and maintain your account  

    Taxes

    More flexibility, based on what you sell. Must typically claim any capital gains as taxable income  Specific tax benefits, depending on the IRA you choose  
    Contribution Limits
    No restrictions on the dollar amount you can invest  Has contribution limits, and certain eligibility requirements
    Withdrawal Rules
    Take money out anytime without paying any fees Depending on IRA you choose, there are penalties if you take money out before retirement
    Tax Implications:
    Brokerage accounts are taxable:
    • You'll pay capital gains tax when you sell investments for a profit.
    • Dividends may also be taxed.

    How to Use My Brokerage Account

    A brokerage account isn’t just for retirement savings—it’s a flexible tool that adapts to your goals. While many investors use it to build a nest egg for the future, you can also access your funds anytime for shorter-term plans, like buying a home, planning a wedding, or tackling a major renovation.

    With a brokerage account, you can:

    • Trade Stocks
    • Invest for the Long Term
    • Save for Retirement
    • Fund Other Personal Goals

    Ready to Start Planning?

    Whether you're a seasoned investor or just starting out, we give you the tools, insights, and flexibility to grow your wealth—your way

    Not Sure Where to Start?

    Call Us

    Monday - Friday: 8:30 am - 4:00 pm
     
    Message Us

    Send our customer service team a message and we will get back to you.
    Visit Us

    Come by a local FSFM location to speak with us in person.