You can open the following types of accounts with Artisan Funds:
Individual or Joint Ownership — These are intended for your general needs. Individual accounts are owned by one person. Joint accounts can have two or more owners.
Uniform Gift or Uniform Transfer to a Minor (UGMA, UTMA) — Custodial accounts let you give money to a minor for any purpose. This gift is irrevocable, and the minor gains control of the account once he or she reaches the age of majority. Your application should include the minor's social security number.
Trust Accounts for: an Individual Trust, Marital Trust or Trust for an Established Employee Benefit or Profit-Sharing Plan. The trust or plan must be established before you can open an account. Please include the date of the trust or plan on the application.
Business or Organization — This type of account is for a corporation, association, partnership or similar institution. Along with your application, please enclose a certified corporate resolution that indicates which officers are authorized to act upon the account.
Retirement Accounts — retirement account enables you to defer taxes on investment income and capital gains. Your contributions may be tax-deductible. For more current/detailed IRA information please see Frequently Asked Questions for IRA's.
The above is a summary of the types of retirement accounts available. For more complete information on IRA accounts, please refer to the Artisan Funds IRA Disclosure Statement and Custodial Agreement. It contains more detailed information about the requirements for specific retirement accounts, including information on custodial fees and other expenses. Also, an IRA Disclosure Statement is enclosed whenever we send you a retirement-account application for any of our funds. To obtain an IRA or other retirement account application either call toll-free 800.344.1770 or download and print the IRA application.
- An Individual Retirement Account (IRA) is a personal savings plan offering tax advantages to investors who set aside money for retirement. The type of IRA you select - Traditional IRA, Roth IRA or other - will determine whether your IRA investments are tax deductible at the time of investment or tax-free at withdrawal. You should examine the many IRA choices available to you and consult with a tax advisor to determine the type best suited to your needs. For more information, consult your tax advisor or contact the Internal Revenue Service (IRS).
- Rollover IRA. This plan offers you special tax advantages for certain distributions from employer-sponsored retirement plans.
- Simplified Employee Pension Plan (SEP-IRA). If you have a small business or self-employment income, this plan lets you make annual tax-deductible contributions of up to 15% of the first $160,000 of compensation for you and any eligible employees.
- Other retirement plans. You may also use an Artisan Fund for Keogh, profit sharing and money purchase plans, 403(b) plans and 401(k) plans. The plan trustee must establish the appropriate account; Artisan Funds does not offer prototype plans.
Coverdell Education Savings Account (ESAs) — ESAs provide a tax-favored vehicle through which educational expenses can be funded on behalf of the individual for whom the account is established.
You must contact the Funds prior to opening an omnibus account.
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