When you have selected stocks for your Preferred account, we will obtain a quote of the current market price. Whether you're buying or selling, we will pursue the best possible execution available.

A confirmation of your transaction will be forwarded to you from our clearing firm (First Southwest Company) on trade date plus one.  One convenient option for payment is to direct funds from your money market fund account to cover your purchase. If you have sold securities, your proceeds can also be deposited to your money market fund.

When you open an account with Preferred, your funds and securities will be safely held by Southwest Company.  All dividends and proceeds from your portfolio can be conveniently deposited to your money market fund account, where your balance earns interest daily while you plan your next investment.

First Southwest Company is a member of the Securities Investor Protection Corporation (SIPC) which protects our clients portfolios to $500,000, of which $100,000 may be in cash.