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2. Guide to Custodial Brokerage Accounts - AOL

   www.aol.com/news/guide-custodial-brokerage...

   One way to do both is with a custodial brokerage account, often referred to as an UTMA or UGMA account -- named for the Uniform Transfer to Minors Act and the Uniform Gift to Minors Act -- that is ...

3. Custodial account - Wikipedia

   en.wikipedia.org/wiki/Custodial_Account

   In the United States, the Uniform Transfers to Minors Act provides for the possibility of bank accounts, brokerage accounts, and other property to be held in a custodial capacity under the Act so that the custodian has the right to control the property but that legal title is deemed to be in the minor for many purposes.

4. Uniform Gifts to Minors Act - Wikipedia

   en.wikipedia.org/wiki/Uniform_Gifts_to_Minors_Act

   Under the UGMA or UTMA, the ownership of the funds works like it does with any other trust and the donor must appoint a custodian (the trustee) to look after the account for the benefit of the beneficiary. [citation needed] Until 1986, a UGMA or UTMA account allowed the assets to be taxed at the minor's income tax bracket. Tax law changes in ...

5. How to open a savings account for a baby or child - AOL

   www.aol.com/finance/open-savings-account-baby...

   Uniform Gifts to Minors Act (UGMA) accounts: UGMA accounts can hold financial assets such as cash, securities, annuities and insurance policies. These accounts can be opened in all 50 states.

6. This CPA dad opened these investment accounts for his babies ...

   www.aol.com/finance/cpa-dad-opened-investment...

   “These children are going to be so far ahead,” says Schlagbaum. ... Contributing just $50 a month to a 529 plan and $50 a month to a brokerage account, you can amass over $73,000 for your ...

7. Merrill Edge - Wikipedia

   en.wikipedia.org/wiki/Merrill_Edge

   Merrill Edge's services are available to individual investors, as well as small business owners and corporate clients. The platform provides a range of account types, including individual and joint brokerage accounts, retirement accounts such as IRA, Roth IRA, custodial accounts for minors, as well as 529 plans for education savings. [22]

8. How to open a brokerage account: Step-by-step instructions - AOL

   www.aol.com/finance/open-brokerage-account-step...

   Opening a brokerage account makes sense for people who have additional savings after building an emergency fund, or anyone investing for retirement or their children’s education. How to open a ...

9. The 7 Best Savings Accounts for Kids of 2022 - AOL

   www.aol.com/7-best-savings-accounts-kids...

   3.5 out of 5 Overall. Key Features. Companion checking account for minors. Autosave feature through Chase checking. 5,000 branches. Get Details. JP Morgan Chase Bank, typically referred to as just ...