b Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply....
nouna brokerage firm account that parents have created for a minor Related Words cash account Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. Want to thank TFD for its existence?Tell a friend about us, add a link to this page, or visitthe...
What is a Custodial Account? Thecustodial account definitionin banking is when an adult opens and manages a savings account at afinancial institutionin the name of a minor dependent person. The financial institution can be a bank, credit union, investment firm, orbrokerage account. A minor depen...
Invest online with Open a WellsTrade® Account Invest with guidance through Wells Fargo Advisors Compare your options side by side Custodial accounts, known as Uniform Transfer to Minors (UTMA) or Uniform Gift to Minors (UGMA) are different from college savings accounts. Learn more from our com...
Additional account types to consider From a 529 college savings plan to a Fidelity Youth™ Account,you have options. Ready to get started? Open a custodial account Chat with a representative Must-know facts about UGMA/UTMA accounts Read ourViewpointsarticle to learn the ins and outs on how ...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook Medical Financial Translations Spanish / Español Select a language: cus·to·di·al care n.cuidado bajo custodia. English-Spanish Medical Dictionary © Farlex 2012 ...
Open the account of your choice below. 529 college savings plan Learn more Open a 529 account Account controlAdult controls the account for the benefit of the beneficiary (child). Child eligibilityMust have a Social Security number. A beneficiary can be any age. ...
Opening a college savings account can be a smart way to establish a college fund for a family member, a friend, or even yourself.
A529 education savings accountcan also be set up as a custodial account or as an individual account. For a breakdown of how a UTMA/UGMA account compares to a 529 college savings plan,see this article. In addition, parents can open aRoth IRAfor their children if the child has earned incom...
For example, atMerrill Edge—the digital broker platform that used to be Merrill Lynch—a UGMA/UTMA custodial account can be set up online with funds directly transferred from a checking or savings account at Bank of America, Merrill's parent company. There are no annual account fees or minim...