Types of Accounts
WCS Silver ProCash Plus™ , WCS Gold ProCash Plus™ and WCS Platinum ProCash Plus™
Like most people, you probably maintain accounts at more places than you would like to. Keeping track of them all can get complicated.
If you are looking for an easier way to manage your finances, turn to WCS Silver ProCash Plus™ , WCS Gold ProCash Plus™ and WCS Platinum ProCash Plus™ – your financial organizer. Each WCS ProCash Plus™ account allows you to access cash balances in your account through the use of a ProCash Plus™ debit card and check-writing services. ProCash Plus™ links your investments, check writing, MasterCard®, bill payment and rewards services by organizing all of your account activity in one comprehensive statement. Each month you know how much your money has earned, what your investments are worth, where your money was spent, and much, much more…
For more complete information on WCS Silver ProCash Plus™, WCS Gold ProCash Plus™ and WCS Platinum ProCash Plus™ including a brochure, disclosure agreement, account agreement and a list of fees. If, after reviewing this information, you have any questions, please feel free to contact a Weiss Capital Securities representative at 800.242.8092.
WCS ProCash Plus™
This bank-like account provides you with easy access to cash balances in your account. Simply write a check or use your Mastercard® debit card.
You will also enjoy bill paying services, a consolidated statement of all activity (brokerage plus banking), plus many more features to help you manage your financial assets.
WCS Choice Account
This account provides online and broker-assisted trading with no account minimum balance.
How Do I Open a Margin Account?
At Weiss Capital Securities, our margin rates are highly competitive and are negotiable for accounts with large debit balances and/or active traders. Our margin rates range from a minimum of 1.75% to a maximum of 3.25% above the broker call money rate, depending upon the amount of your total debit balance. The broker call money rate is the interest rate that brokers borrow from banks to cover the loans advanced to clients in the form of margin rates and vary with changes in interest rates.
Qualified customers can open a margin account by completing and submitting a margin disclosure agreement.
Please mail your signed form to:
Weiss Capital Securities, Inc.
7111 Fairway Drive, Suite 102
Palm Beach Gardens, FL 33418
Please note that margin borrowing is not suitable for all investors. Using margin to purchase securities can offer greater potential returns, but also incurs additional risks. Please read the margin disclosure statement carefully for a complete outline of these risks.
How Do I Open an Option Account?
Qualified customers can open an option account by completing and submitting an option agreement.
Please mail your signed form to:
Weiss Capital Securities, Inc.
7111 Fairway Drive, Suite 102
Palm Beach Gardens, FL 33418
Please note that trading options is not suitable for all investors. Trading options can offer greater potential returns, but also incurs additional risks. Please read the option disclosure statement carefully for a complete outline of these risks.
FundVest®
At Weiss Capital Securities you can choose from this comprehensive universe of mutual funds to help you meet your investment goals.
FundVest®
FundVest® is a no-transaction-fee program that enables you to invest
in a wide variety of no-load mutual funds, without incurring transaction
fees.
You can select from an array of mutual funds from multiple fund families that can be bought, sold or exchanged freely.
Initial purchase minimums apply so please read the FundVest® disclosure agreement carefully before investing.
If you invest your IRA in FundVest, Weiss Capital Securities will waive the annual IRA maintenance fee of $50, for which Weiss acts as the custodian (please consult the FundVest® disclosure agreement as certain requirements apply).
It is recommended that your read the fund's prospectus for a complete description of the fund's investment objective as well as an assessment of the risks associated with investing in the fund. The prospectus will also provide an outline of the charges and expenses of the fund.
Whether retirement is something in your distant future or right around the corner, planning for a more secure future is something that should be taken seriously. At Weiss Capital Securities, we offer a variety of retirement plans that will allow you to:
- save for retirement
- gain tax advantages
- choose amongst stocks, bonds, mutual funds and other investment vehicles
- earn interest on your cash balance
IRA Accounts |
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| A retirement plan that allows tax- deferred earnings and deductible contributions. | A retirement plan that allows after -tax contributions, but qualified withdrawals are tax-free. | A retirement plan that provides for an employee to transfer assets from a former employer-sponsored plan such as a 401(k). | A retirement plan that allows an employer to make contributions toward employees' retirement plans. | A retirement plan small employers can set up for the benefit of their employees, allowing matching contributions. |
In addition to these retirement plans, Weiss Capital Securities also offers the following:
It's never too soon or too late to establish an investment plan earmarked for the education of your children, grandchildren or other family members. Weiss Capital Securities offers two types of accounts – Custodial Accounts and Coverdell Education Savings Accounts – that will put you on the path to providing for their education when the time arrives.
Education Planning Accounts |
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| Contributions are considered irrevocable and must be used for the benefit of the minor; Assets may be used for any purpose to benefit the minor, not just education | Withdrawals are free of federal income taxes,
if used for qualified elementary, secondary, or post-secondary educational
expenses; state tax advantages may vary |