Points to consider when setting up a brokerage account

Whatever your reasons for setting up a brokerage account, there are a number of important considerations involved. The following will help you determine whether setting up a brokerage account meets your business objectives:

1. Setting up a brokerage account is ideal for individuals who wish to trade in securities and funds.

2. Setting up a brokerage account is quick and simple and of minimal inconvenience. Our clients are not required to travel when setting up a brokerage account, Healy Consultants handling all formalities of setting up a brokerage account on your behalf.

3. When setting up a brokerage account, important considerations include:

Does the broker specialise in only one type of investment? Individuals considering setting up a brokerage account should note that finding a broker to meet your specific investment goals is challenging. Individuals interested in setting up a brokerage account should note that seeking frequent contact and regular investment advice are best served using the services of a full service broker. Healy Consultants has an excellent relationship with leading international brokerage firms, and can advise you of the best solution to meet your needs prior to you setting up a brokerage account.
What are the commissions and fees involved in setting up a brokerage account? Commissions are generally higher for brokers who offer specific advice to investors.
What kind of services are available by setting up a brokerage account? For example, services available to individuals interested in setting up a brokerage account include: real-time stock quotes; hourly prices for select funds; daily prices for mutual funds.

4. Healy Consultants can help in setting up a brokerage account with full online trading facilities via an advanced, secure trading platform providing almost instant transactions.

5. Setting up a brokerage account also allows individuals to view online their current securities portfolio performance, including $ and % changes in value since the previous market close, and the $ and % changes in value since the security was bought.

6. A trader setting up a brokerage account can also view online the current tax status of his/her holdings, including the proceeds, cost basis, and gain/loss from the sale of each security from the past two years; each position's short- or long-term tax status and year-to-date tax information to monitor gains/losses on each account.

Contact Us

For more information on setting up a brokerage account, email or telephone us at (+65) 6735 0120.

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