A brokerage account with Modern Woodmen of America allows you to buy and sell securities such as stocks, mutual funds, corporate and municipal bonds, treasury securities and unit investment trusts. Comprehensive asset management accounts also allow you to combine your brokerage, check-writing, money market fund and Master Card® debit card activity into a cohesive package, which is reported to you on a single consolidated statement.
Advantages
Automatic reinvestment Dividends and capital gains from your portfolio holdings can be automatically reinvested, allowing those assets to continue to grow. Alternatively, you can have your distributions deposited in a money market fund, making them readily available.
Cost-basis calculations
Cost-basis calculations can be shown on Modern Woodmen brokerage account statements. These calculations make it easy for you to determine the potential gain or loss you might incur, before you commit your funds.
Margin accounts Margin accounts may be opened for sophisticated investors seeking to leverage their buying power. In margin accounts, borrowing power is used to purchase additional securities or as a line of credit, extending your financial reach. The amount you borrow will accrue interest charges, and your available credit limit will be determined by considering the value of your marginable securities.
Account options You have access to three different brokerage accounts with varying levels of service and unique privileges:
|
Account |
Minimum Investment |
Free Check Writing |
Monthly Statement |
ATM Access |
ATM Fees Waived1 |
Frequent-Buyer Rewards |
24-Hour Customer Service |
No Annual Fee IRA2 |
Annual Fee |
|
Regular Brokerage* |
$1,000 |
Any amount |
Yes, if any activity |
No |
No |
No |
Yes |
No |
$03 |
|
ProCash Plus Gold |
$10,000 |
Any amount |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
$75 |
|
ProCash Plus Platinum |
$20,000 |
Any amount |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
$125 |
*Those who wish to add check-writing capabilities to a Regular Brokerage Account may wish to establish a ProCash Plus Silver Account, which includes: 1)No annual fee, assuming a monthly minimum account balance of $5,000 as of the second-to-last business day of the month, otherwise a $2.00 fee will be applied on the last business day of the month. 2) Initial check order quantity of 40 checks. You may reorder checks in quantities of 200 (reorder fees will apply). Check book cover and check register included. No per check minimum, payee data available online.Access to quality investments
Within your brokerage account, you can buy and sell:
Stocks
Stocks listed on the New York Stock Exchange (NYSE), American Stock Exchange (AMEX) or NASDAQ exchanges can be traded, as well as unlisted stocks that trade over the counter.
Bonds
Through a Modern Woodmen brokerage account, you can access the following types of bonds:
- Corporate bonds
- Municipal bonds
- Treasuries
- Agencies (GNMA, FNMA)
- CMOs
- Asset-backed securities
Mutual funds
You can easily secure the benefits of diversification and professional money management by choosing from our selection of more than 10,000 mutual funds.
Control
With a Modern Woodmen brokerage account, you can control an entire investment portfolio from one account.