Brokerage Accounts & Services

Our brokerage accounts have features that are similar to a bank account—you can deposit and withdraw money when you wish, use checks, debit cards, and make automatic payments. However, there are a couple major differences between them.

Your brokerage account gives you the ability to buy and sell securities (e.g., mutual funds, ETFs, stocks, bonds, etc.) to help grow your money, while a bank account typically helps you manage your cash through a savings or checking account. Brokerage accounts are also not FDIC Insured, while bank balances are (up to $250K per depositor). The insurance you get for a brokerage account only protects you against brokerage failure (SIPC). Learn more about the differences.

An investment advisor, also known as a financial advisor, has gone through special training to earn credentials indicating that they have the expertise to offer investment advice and products to you. Our financial advisors will put your interests first. This means that any recommendations they make to you will be tailored to your specific needs, preferences, and financial circumstances.

An insurance agent is trained and licensed to offer you the right type of policies and coverage amounts to suit your needs and financial situation. Insurance agents also stay in touch after the policy is purchased, checking in periodically to make sure that it's still the best fit for you. Since we consider life insurance the foundation for most financial plans, your insurance agent should be an important part of your financial planning team. Find out more.

Our advisors start by looking at your financial big picture, giving you expert guidance and recommending investments to help you reach your goals. They'll help you access investments that can align to your goals, but they do not offer ongoing monitoring of your investments. You’ll have full control over your account and make all decisions about when to purchase, hold, or sell any of your investments. Ready to start investing? Get matched with a financial advisor.

Yes, they are. Northwestern Mutual is a member of the Financial Industry Regulatory Authority (FINRA) and registered with the Securities and Exchange Commission (SEC). Ready to get started? Get matched with a financial advisor.

We do not require investment minimums to open a brokerage account with Northwestern Mutual, but some individual products may require investment minimums. Connect with an advisor to get started.

All investments carry some level of risk, including the potential loss of principal up to the full value of your investment, and no investment strategy can guarantee gains or protect against loss. Find out more.

First, you'll need to meet with a financial advisor to get your brokerage account set up. Then your advisor will design an investment strategy tailored to your goals. Once your account is set up, you can go online to:

• Review detailed information about your account

• Monitor your account balance

• Make one-time deposits to your brokerage account or contribute to your IRA

• Sign up for e-Delivery

• Connect your other accounts to see your financial picture all in one place

Sound good? Connect with an advisor to get started.