This article explains the necessary steps for employees of broker-dealers who want to open an M1 account.
What is a broker-dealer?
A broker-dealer is a person or firm licensed to buy and sell securities for its own account or on behalf of customers. Examples include:
Investment banks
Securities firms
Brokerage firms
Financial services companies with broker-dealer divisions
Wealth management firms with securities trading capabilities
If you work for any organization that buys, sells, or trades securities (whether for clients or the firm itself), you likely work for a broker-dealer regulated by FINRA (Financial Industry Regulatory Authority).
Step-by-step process for opening an M1 account
1. Obtain permission from your employer
Contact your compliance department to request permission to open an account with M1 Finance
Note: Some employers may have specific policies about which outside brokerages they permit or what types of investments you can make.
2. Disclose your broker-dealer employment during M1 signup
Begin the M1 account opening process online
Indicate "Yes" when asked if you or any immediate family members are employed by a broker-dealer
Provide your employer's name when prompted
Continue with the standard account opening process
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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