How do I open an account at River Financial?

  • Created

Follow the steps below. Once your Rocket Dollar entity is created you can apply at River Financial. River Financial expects to be able to process accounts in two business days.

 

Opening an institutional account at River Financial:

There are three steps to open an IRA LLC or Solo 401(k) at River Financial:

  1. Create an online River account here

  2. Download and complete the River entity application with these instructions

  3. Complete and send in additional documentation, detailed below, which varies for an IRA LLC or Solo 401(k) trust to support@river.com

 

Institutional Application Instructions

You can download the Institutional Application here.

  1. Company Information

    • Full Name of Business: Enter the name of your LLC from your LLC Articles of Incorporation or your Solo 401(k) Plan name from your Plan Adoption Agreement.

    • Business Name if different from above: Leave blank.

    • Business Email and Phone Number: Enter your email and phone number.

    • SS or TIN: Enter the EIN of your LLC or Solo 401(k) Plan. Select Tax ID Number.

    • Company Website: Leave blank.

    • Jurisdiction of Business Activity: Enter Colorado if using a Colorado LLC or your home state if you using a Solo 401(k).

  2. Business Address and Mailing Address

    • Use the address you used when you signed up for Rocket Dollar.

  3. Investment Profile

    • Annual Income: Enter the amount you plan to contribute each year to your IRA LLC or your Solo 401(k) Plan. Make an educated guess.

    • Net Worth of Company: Enter the amount your IRA LLC or Solo 401(k) plan has in total assets.

    • Source of Funds in Account: Enter "Retirement account."

    • Purpose of Account: Enter "Invest in alternative assets."

    • Estimated Buy Orders: Enter the number of orders you plan to make on a monthly basis. Make an educated guess.

    • Estimated Sell Orders: Enter the number of orders you plan to make on a monthly basis. Make an educated guess.

    • Estimated Buy Volume: Enter the total amount of dollars you plan to use in buy orders on a monthly basis. Make an educated guess.

    • Estimated Sell Volume: Enter the total amount of dollars you plan to use in sell orders on a monthly basis. Make an educated guess.

  4. Business Activity Information

    • Check the box for Non-Operating Entity.

    • Primary Purpose of activity: Enter "Investing in alternative assets."

  5. Business Entity Structure

    • Check the box for Limited Liability Company for an IRA LLC or Other for a Solo 401(k) Plan.

  6. Authorized Individual

    • Fill out this section using the personal information of the account owner. Include the account owner's SSN.

    • Official Company Title: For an IRA LLC, enter "Manager." For a Solo 401(k) Plan, enter "Trustee."

    • Source of Income: Enter the primary income source for the account owner.

  7. Control Person(s)

    • Fill out this section using the personal information of the account owner. Include the account owner's SSN.

    • Official Company Title: For an IRA LLC, enter "Manager." For a Solo 401(k) Plan, enter "Trustee."

    • Source of Income: Enter the primary income source for the account owner.

  8. Beneficial Owner(s) - Individual

    • Fill out this section using the personal information of the account owner. Include the account owner's SSN.

    • Official Company Title: For an IRA LLC, enter "Manager." For a Solo 401(k) Plan, enter "Trustee."

    • % Ownership of Entity: Enter 100%.

    • Source of Income: Enter the primary income source for the account owner.

  9. Form W-9

  10. You will need to send additional documentation to support@river.com

    • The title of the email should be Rocket Dollar - IRA LLC or Rocket Dollar - Solo 401(k) (whichever is applicable to you).

    Tip

    Don't forget to mention you are a Rocket Dollar customer in the subject or email!

    Please incluse the following according to your plan:

      • River Entity Application, from the instructions above

      • Articles of Incorporation

      • LLC Operating Agreement

      • Government Issued Photo ID (US Driver’s License or Passport are acceptable) for the authorized user/Rocket Dollar IRA account holder

      • River Entity Application, from the instructions above

      • Solo 401(k) Adoption Agreement

      • Government Issued Photo ID (US driver’s license or Passport are acceptable) for all trustees, and grantors

Once the entity onboarding steps listed above are completed and accurate, River will send out the final application for signatures via DocuSign. After the final application has been signed by you and a River Officer, a member of River’s support team will confirm the account has been created and is ready to be funded. Contact support@river.com, not Rocket Dollar support, for any account application questions. If you must contact Rocket Dollar about a cryptocurrency question, or a question about River Financial, please message info@rocketdollar.com.

 

Account Funding

Use your Bank account information to complete an ACH or wire transfer to River Financial. ACH transfers are available up to $100,000, wires have a $25 fee applied to Silver customers. Rocket Dollar Gold customers will get their first 4 domestic wires a year waived and/or covered in expense.

  • Crypto Exchange Basic IRA Flow

  • Crypto Solo 401(k)

 

FAQ:

  • As soon as your entity is created. Once our support team tells you that your account is ready for transfer, you can check your Rocket Dollar Dashboard, and download the documents you need.

  • River Financial expects to be able to open institutional accounts in two business days or less.

  • First, check this list to make sure the state of your primary residence is supported River Financial supported-states

    Remember, when you applied to Rocket Dollar, your Rocket Dollar Colorado LLC or Solo 401(k) will have the address that was used at signup. The address that matters is the address of your primary residence.

  • Currently, Rocket Dollar customers enjoy no minimum required investment at River Financial.

  • Contact support@river.com, not Rocket Dollar support, for any account application questions. If you must contact Rocket Dollar about a cryptocurrency question, or a question about River Financial, please message info@rocketdollar.com. A representative from Rocket Dollar will be happy to answer your question. Our support team will handle questions like transfers, entity creation, etc.

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