Sprott USA Account Types
An investment account in your name only that lets you trade stocks and other securities, while providing check-writing and other features to help you pursue your financial goals and manage your money.
Joint Account - Tenants with Rights of Survivorship
A type of brokerage account which is owned by at least two people, where all tenants have an equal right to the assets of the account and are afforded survivorship rights in the event of the death of another account holder. All members of the account are afforded the power to conduct investment transactions within the account.
Joint Account - Tenants in Common
A type of brokerage account which is owned by at least two people with no rights of survivorship afforded to any of the account holders. Each tenant in the account can stipulate in a written will how his/her assets will be distributed upon his/her death. Generally, the member ownership in the account is determined on a pro rata basis, meaning that if there are two tenants in the account, each will have a 50% claim on the value of the accounts.
An individual retirement account that enables you to make contributions on an after-tax basis, and any earnings grow free of federal taxes. Contributions can be withdrawn at any time without penalty, but are not tax deductible. There is no required minimum distribution at age 70½. NOTE: Roth IRA's are not eligible to invest in the Premium Diversified, Premium Metals, or Premium Energy Platforms.
ROTH IRA Account Documents
An individual retirement account that combines federal tax deferral on earnings with the potential for tax deductible contributions. After age 70½, the account owner is required to make minimum withdrawals each year. NOTE: Traditional IRA's are not eligible to invest in the Premium Diversified, Premium Metals, or Premium Energy Platforms.
Traditional IRA Account Documents
An individual retirement account designed to receive assets that are transferred from a previous employer. NOTE: Rollover IRA's are not eligible to invest in the Premium Diversified, Premium Metals, or Premium Energy Platforms.
A trust has one or more trustees, who are responsible for administering and carrying out the terms of the trust. The beneficiaries are those who are entitled to trust income or principle either currently or at some time in the future. A trust is typically in the form of a written trust agreement between the grantor or settlor, the person creating the trust, and the trustee. The written trust agreement provides that the grantor will transfer certain assets to the trustee and the trustee will hold those assets for the benefit of the named beneficiaries.
An investment account in the name of a corporate entity.
An investment account in the name of a partnership, controlled by individuals as directed in the account's Certificate of Investment Powers.
For more information on opening an account, please contact a specialist