Clients pay a monthly fee in advance for a UGMA account at a rate of $3.00 per month for one account or $5.00 per month for more than one account.

All custodial fees, brokerage commissions, stock transfer fees, and other similar charges incurred in connection with transactions for the account will be paid out of the monthly fee and not the assets of the account. This money will be billed from your bank account so all deposits and contributions into the child’s account are not impacted by the monthly fee.

The minimum contribution amount is $20.00 per month for each child, which excludes the administrative fees outlined above.