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Some brokers, such as Fidelity and Charles Schwab, offer accounts for teens aged 13–17.
The assets legally belong to the minor but are controlled by the adult until the minor reaches the "age of majority" (usually 18 or 21, depending on state law).
These accounts may allow the teen to place their own trades, but a parent or guardian must still open the account and provide oversight. :
Available if the minor has "earned income" from a job (like a part-time job or even neighborly chores).
This is a powerful long-term savings tool because investments grow tax-free. can you buy stocks under 18 — Practical guide - Bitget
An adult (custodian) manages the account for a minor (beneficiary).
(Uniform Transfers to Minors Act) can also hold physical property like real estate or fine art. Teen Brokerage Accounts :
(Uniform Gifts to Minors Act) is for financial assets like stocks, bonds, and mutual funds.
Some brokers, such as Fidelity and Charles Schwab, offer accounts for teens aged 13–17.
The assets legally belong to the minor but are controlled by the adult until the minor reaches the "age of majority" (usually 18 or 21, depending on state law).
These accounts may allow the teen to place their own trades, but a parent or guardian must still open the account and provide oversight. :
Available if the minor has "earned income" from a job (like a part-time job or even neighborly chores).
This is a powerful long-term savings tool because investments grow tax-free. can you buy stocks under 18 — Practical guide - Bitget
An adult (custodian) manages the account for a minor (beneficiary).
(Uniform Transfers to Minors Act) can also hold physical property like real estate or fine art. Teen Brokerage Accounts :
(Uniform Gifts to Minors Act) is for financial assets like stocks, bonds, and mutual funds.
