Why Are They Important?
Cooperatives use entity accounts for many different purposes, from establishing scholarship funds to funding future equipment purchases. The term “entity account” can be applied to many different types of account registrations, but generally it means an account owned by the cooperative.
Our Role
Homestead Advisers can help support your mission by providing a range of programs to serve the needs of the cooperative and its employees.
Homestead Funds has the account types, investments and guidance to help foster the long-term success of your cooperative. When you open an account with Homestead Funds, you choose how to invest across our family of mutual funds according to your cooperative’s tolerance for risk and expected time horizon. Investing poses risks, including the risk of loss, but it provides the opportunity to earn a return above what is typically available on stable-value funding vehicles. Any earnings compound over time, potentially easing the cooperative’s cost burden.
Entity accounts are nonqualified accounts that can be used by a variety of different organizations.
Establishing an Entity Account
- Determine the purpose of the account and the type of entity account you want to open:
- C Corporations
- Limited Liability Companies
- Partnerships
- Tax-Exempt Organizations
- Charitable Organizations
- Foundations
- Identify sources of funding.
- Obtain any necessary approvals from your board of directors (if required).
- Open a Homestead Funds account using the Entity Account Application below.
- You may need to include corporate governance documents such as Articles of Incorporation, Corporate Resolution or Partnership Agreement depending on the type of account you are opening.
Related Resources
Your Regional Relationship Manager can assist you with the process to open the account.
Brian Allen
NATIONAL RELATIONSHIP MANAGER; INVESTMENT ADVISOR REPRESENTATIVE; AND REGISTERED REPRESENTATIVE
Mark Edwards
REGIONAL RELATIONSHIP MANAGER; INVESTMENT ADVISOR REPRESENTATIVE; AND REGISTERED REPRESENTATIVE
Stephanie Mills
REGIONAL RELATIONSHIP MANAGER; INVESTMENT ADVISOR REPRESENTATIVE; AND REGISTERED REPRESENTATIVE
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Learn More About Our Funds
Entity Account Help