What is a TIC brokerage account?

A TIC (Tenants in Common) brokerage account is a type of investment account where multiple investors hold undivided interests in the assets within the account. Each investor can buy or sell their share independently, allowing for flexibility in managing their portion of the investments. This structure is often used in real estate or other joint investment scenariOS, enabling co-ownership while maintaining distinct ownership rights. TIC accounts can facilitate easier transfers of ownership interests among co-investors.