Get the free Brokerage Trading Authorization - American Century Investments

Brokerage Trading Authorization Use this form to specify trading authorization for an agent. Please complete this form and return it to American Century Investments. If you are a New York resident,

How to fill out brokerage trading authorization

How to fill out brokerage trading authorization:

1. Obtain the necessary forms: Contact your brokerage firm or visit their website to obtain the brokerage trading authorization forms. These forms may be available as downloadable PDFs or physical copies that can be requested.
2. Provide personal information: Fill in your personal information accurately on the forms. This typically includes your full name, address, phone number, email address, and Social Security number or tax identification number. Make sure to double-check the information for any errors or typos.
3. Specify account details: Indicate the specific brokerage account for which you are seeking authorization. This may include the account number, account name, and any other identifying information requested by the brokerage firm.
4. Determine the type of authorization: Decide whether you want full trading authorization or limited authorization. Full trading authorization grants the authorized individual the ability to make all trading decisions on your behalf, while limited authorization may have restrictions on the types or amounts of trades that can be executed.
5. Appoint an authorized individual: If you are granting authorization to someone other than yourself, provide their full name, contact information, and any additional required details. This authorized person will be able to access and make trading decisions on your behalf.
6. Read and understand the terms and conditions: Carefully read through the terms and conditions outlined in the brokerage trading authorization form. Take note of any fees, responsibilities, and potential risks associated with granting this authorization. Make sure you fully understand the implications before proceeding.
7. Sign and date the form: Once you have completed all sections of the form and understand the terms, sign and date the document. This confirms your consent to the authorization and acknowledges your understanding of the terms and conditions.

Who needs brokerage trading authorization:

1. Individuals who require assistance: Individuals who may need help managing their brokerage accounts or who want someone else to make trading decisions on their behalf may need brokerage trading authorization. This can be useful for individuals who lack the time, knowledge, or expertise to manage their investments actively.
2. Parents or guardians: Parents or legal guardians may need brokerage trading authorization to manage the accounts of their minor children. This allows them to make investment decisions and oversee the minor's financial affairs.
3. Power of attorney holders: Individuals who have granted a power of attorney to someone else may need brokerage trading authorization. The power of attorney allows the authorized person to act on behalf of the individual, and brokerage trading authorization grants them the ability to make trading decisions within the designated brokerage account.
4. Institutional investors: Institutional investors, such as trusts, pension funds, or corporations, may require brokerage trading authorization to delegate investment decisions to a specific individual or department. This authorization ensures that the designated party can act on behalf of the institution and make trades accordingly.
5. Specialized investment managers: Some individuals may choose to work with a professional investment manager who specializes in managing brokerage accounts. These investment managers may require brokerage trading authorization to execute trades and make investment decisions on their clients' behalf.

It is important to note that the necessity of brokerage trading authorization may vary depending on the specific circumstances and requirements of the brokerage firm. It is recommended to consult with the brokerage firm directly or seek professional advice to determine the appropriate authorization needed for your situation.

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What is brokerage trading authorization?

Brokerage trading authorization is a document that gives a designated individual permission to make trades on behalf of another party.

Who is required to file brokerage trading authorization?

Typically, anyone authorized to make trades on behalf of another party, such as financial advisors or investment managers, would be required to file brokerage trading authorization.

How to fill out brokerage trading authorization?

Brokerage trading authorization can typically be filled out by providing personal information, account details, and signatures from both the authorized trader and the account owner.

What is the purpose of brokerage trading authorization?

The purpose of brokerage trading authorization is to ensure that only authorized individuals can make trades on behalf of another party, providing accountability and oversight.

What information must be reported on brokerage trading authorization?

Information such as the account holder's name, account number, the designated trader's name, and the scope of their authorization to trade must be reported on brokerage trading authorization.