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Schwab Intelligent Portfolios, the company’s robo-advisor services that create and manage a diversified portfolio, supports custodial accounts. However, the minimum balance is $5,000 to open an ...
Account types: Brokerage, IRAs, 401(k), custodial, 529, robo-advisor, wealth management Why they were included: Charles Schwab is one of the largest brokers in the world — with a wide range of ...
Founded as Charles Schwab & Co. in 1971 by its namesake Charles R. Schwab, the company capitalized on the financial deregulation of the 1970s to pioneer discount sales of equity securities. After a flagship opening in Sacramento, California , the bank expanded into Seattle before the 1980s economic expansion financed the bank's investments in ...
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]
A custodial account is a financial account (such as a bank account, a trust fund or a brokerage account) set up for the benefit of a beneficiary, and administered by a responsible person, known as a legal guardian or custodian, who has a fiduciary obligation to the beneficiary. [1]
Brokerage. Fees. Account Minimum. E-Trade-Stock and ETF: $0-Options: $0.65; $0.50 if over 30 trades each quarter-Futures: $1.50. $0. Charles Schwab-Stock and ETF: $0
Vanguard, Fidelity and Schwab are three of the biggest players in the brokerage space, offering a wide range of investment and banking products. In fact, you can open a variety of account types at ...
Continue reading → The post Best Custodial Accounts in 2021 appeared first on SmartAsset Blog. Usually these types of accounts are set up by a parent, relative or guardian on behalf of a family ...
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