What are the different account types offered by American Beacon?
American Beacon offers a range of account types to cater to different investor needs. These include individual brokerage accounts, individual retirement accounts (IRAs), and various types of institutional accounts such as pension plans, endowments, and foundations. The individual brokerage accounts are suitable for individual investors looking to invest in mutual funds offered by American Beacon. IRAs provide a tax-advantaged platform for retirement savings, with options like Traditional, Roth, and Simplified Employee Pension (SEP) IRAs. Additionally, American Beacon also services institutional investors seeking investment solutions for their defined benefit and defined contribution plans, as well as non-profit organizations looking to grow their assets through well-managed investment vehicles. The account types provided by American Beacon accommodate a diverse range of investors, ensuring their specific needs are met.
Answered Nov 2, 2023
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