Opening a kids investment account is like planting a seed of opportunity for your child’s future.
Tell us the goals you have for your child and we’ll manage their investments to help grow their dreams
Legally, minors can’t invest, so they need you to open the account for them
Start them early for a brighter future while time is on their side!
What can the money in the account be used for?
Prior to the age of majority, the money is available for anything that directly benefits the minor. Whether you want to invest now for future education costs, astronaut camp, or band equipment, for example, the money in this account will be available when you need it.
Once the minor reaches the age of majority, there are no restrictions on how the money can be used. It could be used for college expenses, a down payment on a house, or an emergency fund, for example “How UGMA Withdrawals Work: Can You Use UGMAs for Current Expenses?”
Want to learn more? Check out these articles on other common questions: