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FINRA Securities Industry Essentials Exam (SIE) SIE Question # 18 Topic 2 Discussion

FINRA Securities Industry Essentials Exam (SIE) SIE Question # 18 Topic 2 Discussion

SIE Exam Topic 2 Question 18 Discussion:
Question #: 18
Topic #: 2

A customer and his two brothers want to Invest $30,000 to start an equity portfolio. Two of the brothers will Invest $7,500 each, and the other brother will invest S15,000 to start the account. In the event of death, each of them agrees that the assets should be passed on to their heirs proportionately. Which of the following types of accounts should the registered representative recommend to the customers?


A.

Tenants by the entirety


B.

Transfer-on-death (TOD)


C.

Joint tenants in common


D.

Joint tenants with right of survivorship (JTWROS)


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