Account Services for Investors and Traders
MEXEM offers many customer account structures that are designed to fulfill the specific requirements of individual traders, investors and institutions.
Account types for Traders
Individual, Joint, Trust, IRA and UGMA/UTMA Accounts
| Individuals | Joint | Trust | |
|---|---|---|---|
| Customer Description | An unaccompanied account holder | Two account holders. Can be one of these types: Tenants with rights of Survivorship. Tenancy in common, Community property. or Tenancy by the Entirely. | A legally official entity in which investments are held by one party for the benefit of another party. |
| Account Description | Assets held in a single account owned by a single account holder | Assets held in a single account owned by two account holders. | A single account managed by a Trustee with Settlors and Grantors. |
| Trading Access & Account Management | Account holder has all entries to all services. Can add more users with Power of Attorney. | Both account holders have access to all functions. Can add additional users with a Power of Attorney | One or more trustees have access to all services. |
| Margin | Portfolio, Reg T and cash margin are available. | Same as Individuals. | Same as Individuals. |
Family Office Account
| Customer Description | An Advisor who is free from registration and has 15 or less clients. |
| Account Description | A master account joined to individual client accounts. The master account is used for trade allocations and fee collecting. The advisor can open a single client account for his or her own trading. |
| Client Markups | % of flat fee, % of P&L, % of equity, fee per trade, and manual billing. Note that client markups vary for advisors under MEXEM UK administration. |
| Trading Access & Account Management | The advisor has access to trading and most Account management services. Clients do not have access to trading but have access to all account management services. |
| Margin | Cash, Reg T and Portfolio Margin are available. Each client account is separately placed in margin. |
Friends and Family Group Account
| Customer Description | An individual who is a Family Office Manager. |
| Account Description | Master account linked to multiple client accounts. |
| Client Markups | % of equity,flat fee,% of P&L,fee per trade, and manual billing. |
| Account management & Trading Access | Family Office administrator can access some of all accounts or functions. Client users can trade and directly fund and view statements. |
| Margin | Reg T, Cash and Portfolio Margin are available. Each client account is separately placed in margin. |
| Pre-Trade Allocations | Family Office Managers can pre-trade allocate account %, % of equity,% of positions. |
Small Business Account
| Customer Description | A small business partnership, corporation, unincorporated legal structure or a limited liability. |
| Account Description | A single account which holds investments that belongs to the entity account bearer. |
| Trading Access & Account Management | Users can be configured to have all or some trading and Account Management services. |
| Margin | Cash, Reg T and Portfolio Margin are available. |
Account Structures for establishments
Advisor Account
| Customer Description | An individual or Organization Registered Advisor that maintains both client administration (Wealth management) and the client’s money (Money Management). |
| Account Description | A master account joined to individual or corporation client accounts. The master account is used for trade allocations and fee collecting. The advisor can open a single client account for his or her own trading. The account can be white branded with the corporate identity of the advisor. |
| Client Markups | % of P&L, % flat fee, % of equity, fee per trade, and manual billing. |
| Account management & Trading Access | The advisor has access to trading and most Account management features. Corporation Advisors can have numerous users, each with access to different features and authority over various client accounts. By default, clients do not have access to trading, but client trading can be allowed. Clients have access to all Account Management features. |
| Margin | Reg T, Cash and Portfolio Margin are available. Each client account is separately placed in margin. |
| Pre-Trade Allocations | Advisor(s) can pre-trade allocate cleared trades by %equity, %positions, or account %. |
| Multiple Levels | Advisors have the potential to add an Advisor account with clients, a Separate Trading Limit account (STL) under the master account, or a Multiple Hedge Fund account. |
Funding Manager Account
| Customer Description | An individual or Corporation Registered Advisor that is hired on account of another advisor (Wealth Manager) to maintain some or all their clients money. |
| Account Description | A new discrete client account is opened for any client for whom a Fund Manager maintains money. Fund Managers maintain money across numerous advisors (Wealth Managers) and their clients. |
| Client Markups | % of P&L, % of flat fee, % or equity, fee per trade, and manual billing, placed by the advisor (Wealth Manager). |
| Account management & Trading Access | The Money manager has access to trading only. Investments are moved to the Money Manager client account by the Advisor (Wealth Manager). Corporation Money Managers can have numerous trading users, each with control over different client accounts. |
| Margin | The money managing client account takes over the margin type from the client’s Wealth Manager client account. The Money Manager and Wealth Manager client accounts are separately margined. |
| Pre-Trade Allocations | Same as Advisors |
| Multiple Tiers | Not available. |
Copyright Trading Group Accounts
| Pool | Separate Trading Limit | |
|---|---|---|
| Customer Description | A partnership, corporation, unincorporated legal structure or limited liability company. | Same as Pool. |
| Account Description | Single account which holds investments owned by the entity account holder. | Numerous, linked accounts all in the name of a single entity. Investments in all accounts belong to the entity account holder. Every account has its own trading limits and can have its own trading approach. |
| Account management & Trading Access | One or more users can have some or all trading and Account management services. | Master user(s) are designated and can be configured to have some or all trading and Account Management services. Sub account users can only access their single account services. |
| Margin | Reg T, Cash and Portfolio Margin are available. | Reg T, Cash and Portfolio Margin are available. At trade launch, each sub account is margined individually. For liquidation and maintenance purposes, all accounts are consolidated. |
Securities & Mutual Fund Accounts
| Single | Multiple | Allocation (Give-Up) | |
|---|---|---|---|
| Customer Description | A single investment managed by an investment manager. | Multiple funds maintained by an investment manager | Multiple co-mingled funds managed by an investment manager. Investment manager maintains individual fund activity function seperately or gives up to a third-party prime broker. |
| Account Description | A single account with one or more users. Arranging authorized trader sub accounts adds the capacity to manage numerous sub accounts for various strategies. | A single allocation account for trade executions that allows the end of day give-up of trades to accounts at third-party prime brokers. | |
| Client Markups | Soft Dollars for five different commission tiers available. | Same as Single Fund. | Same as Single Fund. |
| Trading Access & Account Management | Users can be configured to have some or all trading and Account Management functions. | Master fund administrator users have access to some or all funds or services. Each fund can have its own set of users with access to some or all Account Management services. | Fund investment manager(s) has access to some or all functions. |
| Margin | Cash, Reg T and Portfolio Margin are available. | Reg T, Cash and Portfolio Margin are available. Each fund account is separately margined. | Cash, Reg T and Portfolio Margin are available. All fund trades are consolidated and margined together. |
| Pre-Trade Allocations | Not Available | Master fund admin users can pre-trade allocate by account %, % of equity, or % of positions. | Not Available |
| Multiple Tiers | Not Available | Investment manager has the ability to add an Advisor account with clients, a Multiple Hedge Fund account with fund or SMA accounts, or a Separate Trading Limit account (STL) under the master account. | Same as Non-Disclosed Broker. |
Compliance Officers
| EmployeeTrack | |
|---|---|
| Customer Description | Any corporation that needs to keep track of all or some of their employees’ trading activity. |
| Account Description | A single account linked to numerous, individual, trust, joint and IRA employee accounts for the motive of keeping track of their trading activity. |
| Trading Access & Account Management | Trading is entirely controlled by the broker employee with Compliance access to trade activity. |
| Margin | Not applicable. |
