At Morgan Keegan, there are several options available for individuals wishing to open an investment account.
Investors have the option of opening a basic brokerage account or a margin account. Both require execution of a Morgan Keegan Client Agreement and, where applicable, a margin agreement. Securities held in these types of accounts are protected by $500,000 in coverage from the Securities Investor Protection Corporation (SIPC), and an additional $124,500,000 in coverage provided by Morgan Keegan through Lloyd's of London.
The Morgan Keegan MOR Account is a cash management account that includes a margin brokerage account and optional checkwriting and VISA debit card features. Securities held in a MOR Account are protected by a total $125,000,000 in coverage, including $500,000 provided by SIPC. Detailed information on the features of the MOR Account can be found in the Investing section.
The terms of the additional Lloyd's of London coverage are identical to the SIPC coverage, and are described in detail in a SIPC brochure available on request through a Morgan Keegan financial advisor. Coverage is subject to $100,000 cash limit and $400,000,000 aggregate limit. You may also visit the SIPC Web site for more information on how SIPC protects investors.
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