How much does a UGMA account cost?
Glenda Bean avatar
Written by Glenda Bean
Updated over a week ago

What is the monthly cost for an account?

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.

Is there a minimum contribution amount?

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

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