M1 Trust Accounts
M1 Finance supports both revocable and irrevocable Trusts that are authorized to invest in stocks.
The trust must be a U.S. domestic trust in good legal standing with a minimum value of $5,000.
To open an M1 Trust Account, you will need to complete the necessary documentation and have an open and active M1 account. If you don’t already have an M1 account, please follow the steps listed here.
Filling out the Trust Forms
If you’re interested in setting up an M1 Trust Account, here are some things to note while filling out the Trust forms.
For the New Account Application and Agreement
The Account Name is the name of the trust.
The DOB is the date your Trust was established.
If the Trust has a unique Tax ID, make sure to enter this. If you do not know the Tax ID of your Trust account, please reach out to the Administrator of your Trust account.
Select “Please do not reinvest any dividends” for Free Dividend Reinvestment and “No” to participating in the Voluntary Sweep Program as M1 does not offer Dividend Reinvestment or DRIP programs.
For the Certificate of Trust and Investment Powers
If you selected “Margin” as your account type on the New Account Form:
You must select the first option on the second page in the Certificate of Trust and Investment Powers.
If you selected “Cash” as your account type on the New Account Form:
leave both options on the second page in the Certificate of Trust and Investment Powers blank.
Trust Documents
You can find the Trust forms linked below:
To create a Cash Trust Account: https://arsl.at/Ge02L5al
To create a Trust Account that supports Margin: https://arsl.at/Gw4ApLNm
Once you have submitted your Trust Documents, please upload a copy of your government-issued photo ID (driver's license, state ID, passport) here.
Please allow 7-10 business days for your M1 Trust Account setup. If any additional documents are needed, we will reach out directly to you via email.
Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
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