This is the second post in The Complete Guide to COL Financial. To read all posts in order, start with Who Can Open An Account then continue reading the rest of the series on this page.

There are three types of accounts offered by COL Financial: COL Starter, COL Plus and COL Premium. Choose the account that best suits your needs and that’s right for you.

COL Starter

This is an entry-level account suitable for long term investing. It provides access to basic research reports, standard market information, and end-of-day charting data. Minimum Investment: Php 5,000

COL Plus

This account is more suited for active traders. It provides access to streaming quotes, comprehensive research reports and live chart data with some customizable features. It has all the features of the COL Starter account with additional feature like margin facility, detailed broker information and an expanded 6-pack. Minimum Investment: Php 25,000

COL Premium

This account is for the premier investor. It provides access to all available features and a personal Relationship Manager (RM) dedicated to assist you. Minimum Investment: Php 1,000,000

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See the table below to how the accounts differ from one another. See below descriptions of the features offered by the accounts.

Java Charts – Java charts is a browser based java charting application that provides a robust degree of prices in graphic form that can be viewed with a host of technical indicators and tools. Starter accounts can only view End of Day data (if you look today you can only see chart data as of yesterdays close) while Plus and higher accounts can see live streaming data.

Market Data – Market data shows information on stock quotes and various statistical information sent by the PSE. All accounts have access to live data but Starter accounts must call out such data or frefreshed’ when needed. All other accounts can receive data from the stream and not need to be refreshed.

Price Ticker – An applet that displays running data of current market prices. This feature must be called out from Starter Accounts, while all other accounts can find this ticker embedded into the basic webpages of COL Financial.

Research Pages – COL Financial provides a host of research reports and statistical guides that help provide information to customers to aid in rendering analysis and a market view. All COL Financial reports are open to all account types.

Customer Support/Helpdesk – You may tap the services of COL Financial’s Helpdesk or Customer Support group to answer questions about account opening, website use, brokerage services, and other pieces of general information (non-inclusive of market advisory information).

Easy Investment Program (EIP) Facility – this is the feature on COL Financial that allows for the use of cost averaging by providing a convenient EIP Scheduler calendar that reminds you to execute planned trades over in time.

Margin Facility – this is a credit facility that allows customers to borrow funds and make additional purchases of stocks using their stock and cash assets as collateral. Interest is charged for any loans made.

Broker information – a feature available to Plus accounts and higher that provides data that measures brokerage transactions viewed as a whole or through stock specific filters, as well as a Brokers’ daily ranking report.

Expanded 6-Pack – an expanded six pack allows a user to build up to four different 6-pack pages whose headers may be renamed to earmark a specific watch group

Relationship Manager – A personal helpdesk specialist who caters to the needs of Premium customers.

Source: COL Financial

Which Account should I Choose?

For starting investors, I would advise them to open an COL Starter account even if their initial investment is over Php 25,000. COL Starter is for those who are really just beginners who spend a little than an hour each month buying stocks and are planning to invest for the long term. COL Plus and COL Premier are for those who are willing to dedicate more time in their investments by trading and watching the market more actively. If you start with COL Starter, you have the option to upgrade it to COL Plus or COL Premier.

The bottomline is, the differences of the accounts are minimal, so this is not a really important issue to dwell on. You can just easily base your selection on the initial investment you currently have.

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COL Financial, Inc. is the recommended Stock Broker of Bro. Bo Sanchez to all his Truly Rich Club members. The TrulyRichClub is a membership Club that he had created to help people achieve Financial Wealth and Spiritual Abundance. It is a private group of individuals who have decided to do something about changing their beliefs and thinking—to gain the abundance mentality they need to change their lives forever. Bro. Bo provides them with the right tools, principles, and strategies to grow in their financial and spiritual life. To join this elite Club, click here.