Requirements
To apply for an Illuminate account, you will need to meet the following requirements:
- Be 18 years or older
- Have a valid Social Security Number
- Have a legal U.S. residential address
- Be a U.S. citizen, green card holder, or valid visa holder
What information do I need to provide?
During the signup process, Illuminate is required to collect the following information:
- First and Last Name
- Phone Number
- Date of Birth
- Social Security Number
- Country of Birth
- Permanent Residential Address
- Employment Status and Additional Information
- Financial Background Information
- Valid Driver's License or Identification Document
As with all of your personal information, this data is transmitted securely using SSL encryption. Your bank login information, passwords, and any tokens are never cached or stored on our servers.
Why do I have to enter my Social Security Number?
All financial institutions are required by the U.S. Patriot Act to obtain, verify, and record information identifying each person who opens an account. Your SSN is also required to issue you a tax reporting form each year.
What types of accounts can I open?
Illuminate currently offers individual taxable brokerage accounts that can invest in our guided investing and personal trading accounts. Traditional IRAs and Roth IRAs are coming soon.
Is there a minimum to open an account?
There is no minimum required to open an Illuminate account. The minimum investment to get started with guided investing portfolios is $20.
