Group accounts: what they are
A group account is a simple and efficient way to control multiple accounts that are exchanged identically between funds. For example, instead of calling in and citing many different individual account numbers and instructing that all accounts be exchanged from fund A to fund B, financial professionals can simply instruct the group to be exchanged from fund A to fund B. Even better, the group exchange online can be done with just a few simple steps. We recommend using this service if you have three or more accounts that trade the same way. Having a group account has another important benefit; it gives you the ability to view account balances online for every account assigned to the group. Financial Professionals can create or modify existing groups directly using ProFunds Account Access.
Setting up an online group trading account
1 Study by Hill and Foster of ProShare Advisors, published in September/October 2009 issue of Journal of Indexes.
2 Path Dependence of Leveraged ETF Returns, Marco Avellanda & Stanley Zhang. New York University, May 19, 2009. Rebalancing Leveraged and Inverse Funds, Joanne M. Hill & Solomon G. Teller, Institutional Investor Journals, 8th Annual ETF Guide, October 2009.