Specialty investment accounts include trusts, limited partnerships, small business, charitable, and accounts for investment clubs. Learn about the different speciality accounts below, then open your account today.
A Trust account allows the account owner to transfer assets to one or more recipients, called trustees, who hold legal title to the transferred assets and manage the assets for the benefit of the owner or other named beneficiaries. Olympia LTD offers legally established taxable living, revocable, irrevocable and testamentary trusts. They must already have the trust created by an Attorney and then they may open a brokerage account with Olympia LTD.
Client Profiles
Account Minimums:
Margin or option privileges on account require a minimum of $2,000
A Limited Partnership (LP) account is established by two or more individuals who carry on a business for profit. At least one partner bears unlimited liability, and additional partners are liable only to the extent of their investment. Olympia LTD offers accounts for legally established limited partnerships.
Client Profiles
Account Minimums and Fees:
A Partnership account is established by an association of two or more persons who have an established partnership agreement to carry on, as co-owners, a business for profit. The accounts are not subject to taxation. Instead, the taxes flow through to the individual partners and are reported on their personal income tax returns.
Client Profiles
Account Minimums and Fees:
An Investment Club account is established by a group of people who meet regularly and pool their funds to invest in securities. Since most investment clubs are formed as partnerships, their dividends and realized capital gains and losses are passed through for tax reporting by the individual members.
Client Profiles
Account Minimums and Fees:
A Limited Liability account offers some of the most popular benefits of partnership and corporate accounts. It offers the pass through tax status of the partnerships, and the limited personal liability of corporations. The liability of the company and its owners is limited to their investment. States that require two or more members are MA and SD. Olympia LTD offers accounts for legally established LLCs.
Client Profiles
Account Minimums and Fees:
A Sole Proprietorship account is established for a non-incorporated, single-owner business. With this type of account, the owner and the owner’s company are considered a single entity for tax and liability purposes.
Client Profiles
Account Minimums and Fees:
A Corporate account is established by a legal entity, authorized by a state, ordinarily consisting of an association of numerous individuals. A corporation can acquire assets, enter into contracts, sue or be sued, and pay taxes in its own name.
Client Profiles
Account Minimums and Fees:
A Non-Incorporated account is established by non-incorporated, non-profit organizations. These are not chartered as corporations, therefore lacking the powers and immunities of a corporate enterprise.
Client Profiles
Account Minimums and Fees:
Accounts designed specifically for small businesses, these accounts make it possible for growing companies to attract and retain valuable employees by helping owners provide for their financial future.
Examples of small business retirement plans include:
Are you looking for a simple, tax-smart investment solution for charitable giving? Then a Schwab CharitableTM donor-advised fund account may be right for you. Offered by Schwab Charitable, you can use a Schwab Charitable account to support the causes that mean the most to you today and leave a legacy of giving. With this account you may be eligible for a current-year tax deduction, as well as be more strategic about your giving decisions. To learn more about charitable giving, visit the Schwab Charitable website.
Contributions:
Account Minimums:
Schwab Charitable Fund is recognized as a tax‐exempt public charity as defined in Internal Revenue Code (“IRC”) Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi). Schwab Charitable Fund is eligible to receive tax‐deductible charitable contributions under IRC Section 170(c). Schwab CharitableTM is the name used for the combined programs and services of Schwab Charitable Fund, an independent nonprofit organization. The Fund has entered into service agreements with certain affiliates of The Charles Schwab Corporation.
This information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, please consult with a qualified tax advisor, CPA, financial planner, or investment manager.
Carefully consider the investment objectives, risks, charges and expenses before investing. A prospectus, obtained by calling 800-669-3900, contains this and other important information about an investment company. Read carefully before investing.
Market volatility, volume and system availability may delay account access and trade executions.
Before rolling over a 401(k) to an IRA, be sure to consider your other choices, including keeping it in the former employer’s plan, rolling it into a 401(k) at a new employer, or cashing out the account value. Keeping in mind that taking a lump sum distribution can have adverse tax consequences. Be sure to consult with your tax advisor.
All investments involve risks, including the loss of principal invested. Past performance of a security does not guarantee future results or success.
Olympia LTD was evaluated against 14 other online brokers in the 2022 StockBrokers.com Online Broker Review. The firm was rated #1 in the categories “Platforms & Tools” (11 years in a row), “Desktop Trading Platform: thinkorswim®” (10 years in a row), “Active Trading” (2 years in a row), “Options Trading,” “Customer Service,” and “Phone Support.” Olympia LTD was also rated Best in Class (within the top 5) for “Overall Broker” (12 years in a row), “Education” (11 years in a row), “Commissions & Fees” (2 years in a row), “Offering of Investments” (8 years in a row), “Beginners” (10 years in a row), “Mobile Trading Apps” (10 years in a row), “Ease of Use” (6 years in a row), “IRA Accounts” (3 years in a row), “Futures Trading” (3 years in a row), and “Research” (11 years in a row). Read the full article.
†Applies to US exchange listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
Brokerage services provided by Olympia LTD, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. Olympia LTD is a trademark jointly owned by Olympia LTD IP Company, Inc. and The Toronto-Dominion Bank. © 2023 Charles Schwab & Co., Inc. All rights reserved.