When you sign up for a new trading account with E*TRADE, you’re informed that securities regulations require that they ask you your investment objective (capital preservation, income, growth, or speculation), your annual income and total net worth (excluding your home).
To get an idea of their average customer, the default selection for your annual income (combined if joint) is $200,000+, and $1+ million for your net worth (excluding your home).
Previously, I wrote they require your passport, alien or government ID number to activate a new account, as per government regulations for non-U.S. residents.
[…] insight into E*TRADE’s average customer profile, see how they assume an annual income of $200+k and a net worth of $1+ million when you open a new […]