What Types of Account Ownership are Available?

Vantagepoint Elite allows you elect the account ownership option that best suits your individual investment needs.

Individual Account

An individual account is simply an account owned by one person.

Tenants in Common

Tenants in common are two or more individuals who own a certain portion of an account. Each tenant’s portion is distributable as part of the deceased’s estate, so that if one of the accountholders dies, his/her heirs are entitled to the proportional share of the account.

Joint Tenants with Right of Survivorship

Joint tenants with rights of survivorship are two or more individuals who share an undivided interest in an account. In the event of one tenant’s death, the surviving tenant (or tenants) automatically inherits the property without the necessity of court proceedings.

Trust

A trust account holds investments for the beneficiary and is usually structured to achieve specific goals.

Custodian for Minor

A custodian account is established for the benefit of a minor but administered by a custodian under the Uniform Gifts/Transfers to Minors Act (UGMA/UTMA). Gifts to the account are irrevocable and become the property of the minor upon their attainment of the age of majority, as determined by applicable state law.)

ICMA-RC has entered into a relationship with UVEST Financial Services, Inc., a registered broker-dealer and member FINRA/SIPC, to offer you this brokerage program. All securities and brokerage services are offered through UVEST. ICMA-RC and UVEST are not affiliated.