Do any robo advisors offer custodial accounts?
Acorns is our pick for the best Robo advisor because of its easy-to-set-up custodial accounts, breadth of helpful educational resources, and access to family financial advice.
Does wealthfront have UTMA accounts?
We do not currently support Custodial/UGMA accounts, but we plan to offer them in the future.
What banks offer UTMA accounts?
Best Overall: Charles Schwab. Sign Up Now.
Does betterment have UTMA accounts?
Betterment does not offer custodial UTMA/UGMA accounts. As an alternative, we suggest a brokerage firm called TD Ameritrade that offers UTMA/UGMA custodial accounts as well as $0 commission on stocks, ETFs and other investment classes. There are no account fees whatsoever.
Which Robo-advisor is the best?
Best Robo-Advisors:
- Wealthfront: Best Overall and Best for Goal Setting.
- Interactive Advisors: Best for Socially Responsible Investing and Best for Portfolio Construction.
- Betterment: Best for Beginners and Best for Cash Management.
- Personal Capital: Best for Portfolio Management.
Does Webull offer custodial accounts?
Can I open a custodian/trust/joint account on Webull? No, Webull currently does not support these accounts. If you would like to be notified when we start supporting custodian accounts, please send us a message in the app Help Center.
Does Robinhood offer custodial accounts?
Robinhood does not offer UTMA/UGMA custodial accounts. As an alternative, we suggest a brokerage firm called TD Ameritrade that offers UTMA/UGMA custodial accounts as well as $0 commission on stocks, ETFs, and other investment classes. There are no account fees whatsoever.
Can UTMA be used to buy a house?
An UTMA or UGMA is an investment account that officially belongs to your child. The rules surrounding how you spend money from an UTMA/UGMA are pretty flexible. You can invest in the market with an UGMA; you can also put real assets like a house into an UTMA.
Can I open a bank account at 17 by myself?
Unfortunately, if you’re 17 and you want to open a bank account, you’ll need an adult to help. Banks won’t open accounts for minors, without a parent or guardian or somebody over the age of 18 to be a co-signer on the account.
Does wealthfront make money?
Wealthfront Cash is a cash management account that operates like a standard checking account but with the interest rate of a savings account. Wealthfront Cash charges no monthly maintenance fee or ATM fees, and you’ll earn an APY of 0.35\%, or about eight times the (shockingly low) national average.