Sub Accounts

Why would I want to use Sub Accounts?

Let's say that you have some investments you are making for yourself, but you're also handling investments for some of your friends. Sub accounts simplify this by letting you keep the money, transactions, dividends, and stock ownership all separated.

What is a Sub Account?

Sub accounts let you separate your money and investments into multiple categories, and keep the transactions, money, and holdings separated.

You may have multiple accounts on AVIX. An account on AVIX can hold cash, accrues interest on its balance, and can own shares in stocks. Every user has a main account, and we call additional accounts that a user creates "sub accounts."

Whenever you purchase shares, they are owned by an account (and you own that account). Whenever dividends are paid on shares that you own, they are paid into the account that owns the shares. Whenever you sell shares from an account, the cash proceeds from the sale are paid into the account that sold them.

How do I use Sub Accounts?

From the Portfolio area, click Sub Accounts to create a new sub account. From there you can transfer some money or stocks into the sub account.

Whenever you buy or sell stocks, you select which account you would like to use.

You can only withdraw and deposit money into your main account, so you will need to use transfers to move money in and out of your sub accounts.