Adding Beneficiaries and Trusted Contacts

What is a beneficiary?

A beneficiary is a person or entity designated to receive assets or benefits from a financial account, insurance policy, or estate after the account holder's death. At Webull, you can designate both primary and contingent beneficiaries.

How do I add a beneficiary?

You can add a beneficiary to all IRA accounts. However, account beneficiaries cannot be added to brokerage accounts at this time. To add a beneficiary to your IRA, please navigate through the following steps on the Webull mobile app and website:

App:

1. Tap Menu.
2. Select Account Management ➝ Beneficiary Information.
3. Tap Add Beneficiary.
4. Enter all required fields and tap Save.

Web:

1. Navigate to My Account.
2. Find your IRA and select Manage My Account.
3. Under Other, Click View Details next to Account Beneficiary.

What is a trusted contact?

A trusted contact is an individual you designate to be contacted by Webull in the event we are unable to reach you. Please note that trusted contacts are not authorized to discuss the account owner's account details.

How do I add a trusted contact?

App:

1. Navigate to Menu.
2. Under Shortcuts, select Settings.
3. Once in Settings, tap Account Management ➝ Modify Profile.
4. Swipe up until you reach Add Trusted Contact Person.
5. Fill out the required fields and tap Save.

Web:

1. Navigate to My Account.
2. Click Account Profile ➝ Add Trusted Contact Person.
3. Fill out the required fields and select Save.