The Schwab One ® Custodial Account is a brokerage account that allows you to make a financial gift to a minor and help teach them about investing. It is set up and managed by an adult, and …

Nov 25, 2024 · Custodial accounts have enormous flexibility, with no income, contribution limits, or withdrawal penalties. Custodial accounts don't require distributions at any point. Gifts to a...

A custodial account can be a great way to save on a child's behalf, or to give a financial gift. Otherwise known as an UGMA/UTMA account, there are no income or contribution limits—and …

What is a custodial account, and when is it the right choice? We explore the pros and cons in this comprehensive guide.

Nov 3, 2025 · The best custodial accounts offer hands-off investing with no monthly fees. See which top custodial account providers came out as the best of the best.

Jan 2, 2025 · What Is a Custodial Account? A custodial account is savings or an investment account, established with a bank, brokerage firm, or mutual fund company, that’s managed by …

Nov 26, 2024 · Find out the meaning of a custodial account, its different types, and its pros and cons. Learn about how it is taxed and how to open one.

Dec 1, 2025 · With custodial accounts, the adult — also known as the account custodian — manages and maintains ownership of the account until the child reaches the age of majority, …

Assets held in a child's name, as in a custodial account, weigh more heavily against financial aid eligibility than do the parents' assets or assets held in a 529 account or an education savings …

Jan 10, 2024 · A custodial account is a financial account that an adult—typically a parent or grandparent—opens on behalf of a minor child. These accounts exist because minors can't …