How do I open a joint e-trade Account? and what are the Alternatives Available for Family Investments?
ARTICLE: How do I open a joint e-trade Account? and what are the Alternatives Available for Family Investments?
Opening Join Account is a little lengthy process and needs a lot of documentation, for this job you can opt for Zerodha Firm which is now the best in the industry and has the largest customer support. The reason for suggesting this firm for Joint e-trade Account is because you cannot open a joint account online with any firm and it open has to be done offline. Also, one person can only have one Demat account from one firm.
However, you can open one account for yourself online and then add nominees to the account and control investments yourself.
Another option that only Zerodha firm has now is using Combined Console in Zerodha. Zerodha console is the place in your account where you see all your trade history, Profit & Loss, and Tax information.
So, you can pick your beloved once trade data and combine the same with your console. this will give a complete report of your family people account. So, open individual accounts and add their account to your family console.
Consolidated Family Portfolio will provide you much narrow data on your family investments and allow you to take decision very clearly. It is very easy to merge one or more account consoles, you can begin from here – Click Here