A custodial account is a means by which an adult can open a savings or brokerage account for a child. The adult who opens the account is responsible for managing it, including making investment decisions and deciding how the money is to be used, as long as it benefits the child. There a...
who actually owns the assets in the account. The custodian and other donors can give any amount of cash, stocks and bonds to a custodial account with no limits. Under UGMA, when a child reaches the legal
You can fund your child’s account in whatever way works best for you. In my case, Faith has a separate online savings account already set up withAlly Bank. So when I pay Faith for photos she takes to use on this site or for her modeling for the blog, I’ll pay her from my Rout...
There's no limit on how much money you can set aside for a child in a Fidelity custodial account. Learn how these accounts work and other benefits they offer.
A Vanguard custodial account can be a great way to give your children, grandchildren, or other loved ones a head start on investing. Find out how it works.
It's natural to want the children we care about to have money when they need it. Find out how an E*TRADE custodial account makes it possible.