Investor Center> Statement Householding

Statement Householding

If you have more than one account, statement "Householding" may be ideal for you!

Many clients maintain multiple relationships with the same brokerage firm. These may include individual and joint accounts, custodial accounts on behalf of children (UGMA/UTMAs), IRAs, Trusts and other types of related accounts.

If you have more than one account, you currently receive each of your account statements from us in a separate envelope. Now there is a way to make the statement mailing and reporting process more efficient.

You can elect to "Household" your statements and enjoy these benefits:

    • All (or some) of your related brokerage accounts may be
      linked to a main or "Master" account so that the statements
      are mailed in the same envelope/package.
    • Accounts with different principal addresses may be linked,
      such as accounts of relatives for whom you are managing
      the portfolio or providing tax advice.
    • A "Householding" cover page displaying separate and
      combined assets in all the linked accounts will be enclosed
      with your statements.
    • You will no longer receive duplicate statement inserts or
      announcements that result in wasted paper.

You can download and complete this Penson Authorization to Household Brokerage Account Form and fax back to New Account Department at (949) 457-1055

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