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Brokerage Account Search
Find Brokerage Accounts
This is another
form of research, unknown to most folks. Your
investment is with the intent to find out the
following about the portfolio accounts. This is
only conducted on a nationwide basis.
If bank
research fails to reveal assets, a brokerage account search and portfolio
check may be in order. In a divorce, the spouse is
likely to know if the subject dabbles in the
stock market or has a retirement account. Typically, we can find brokerage accounts. This
lends itself naturally to brokerage research,
where the spouse can find out the true value of
the subject’s holdings, especially in any
unknown accounts.
As PIs, we hear
many horror stories about false
representations made by significant others.
We end up expending a lot of effort – and
client’s money – to find out the real deal. The
cheaper route is to engage our services on
the front end of relationships instead of after
children are born and mutual investments are
made. Finances are an important part of
screening a potential partner or fiancé on their honesty prior to making a major
commitment into the relationship.
The types of accounts researched are:
401K
– tax deferred retirement accounts under Title
26 USC.
Individual Retirement Account
(IRA) - retirement accounts under Title 26 USC.
Mutual funds
–professionally managed collective investment
vehicles.
Stocks
- Capital stock of businesses reflect funds paid
into a company.
Bonds
- debt security coupons where the issuer pays
principal and interest at maturity.
In compliance
with Securities and Exchange Commission (SEC)
rules, you will receive the following pieces of
information:
Account name
(such as Vanguard, TD Ameritrade, E-Trade or
Lockheed Martin)
Address and phone number
(such as 123 Main Street, New York, NY 10026)
Account balances
(at the time of the research)
* You may get
limited information on recently closed accounts,
such as the account name and closure date.
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