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The Schwab One ® Custodial Account is a brokerage account that allows you to make a financial gift to a minor and help teach them about investing. It is set up and managed by an adult, and turned over to the child when he or she reaches the age of majority.
In addition to saving for education, you can help your child open a custodial account and teach them about investment strategies early in life. A great way to get kids interested and involved in investing is to open an investment account.
Learn how to open a custodial account to invest on behalf of a minor.
The best investment accounts for kids charge no account fees and have no minimum initial deposit. This allows your kids to start investing with a small amount of money.
A custodial account allows you to open an account in a child’s name and manage it, typically until the child reaches age 18 or 21 and takes full control of the account (or can be up to age 25, depending on state laws).
A custodial account can be an excellent way to make a financial gift to a child—whether your own, a relative's, or a friend's. This type of account, established under the Uniform Gifts to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA), is set up by an adult for the benefit of a minor.
Set kids up for lifelong financial success. Investment accounts for kids. Just like teaching a new language to a child increases the chances it will stick, introducing investing early can create positive long-term habits. Teach kids how to manage money.
A custodial account is a savings or investment account an adult opens and administrates on behalf of a minor. The best custodial accounts offer features that matter most to both child and...
Charles Schwab is our pick for the best online broker for customer service, making it another excellent option for a custodial account. As the original discount broker, the firm has a long...
Firms such as Fidelity, Charles Schwab or Vanguard can help you with any account you choose. Simply Google "start a Fidelity brokerage account," and you'll find a link to the firm's...