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It is set up and managed by an adult, and turned over to the child when he or she reaches the age of majority. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.

Every Schwab account comes with investment help and guidance. With this account, you'll also enjoy:. Open a Custodial Account Or, Download Application. See the Charles Schwab Pricing Guide for comprehensive details on fees and expenses. Have questions about our Schwab One Custodial Account? Here are responses to some of the most common questions we hear. If you have a question about your specific situation that is not answered here, please call us at Open a Schwab One Custodial Account today.

Open a Custodial Account. All broker-assisted and automated phone trades are subject to service charges. Broker-assisted and automated phone trades are subject to service charges. All ETFs are subject to management fees and expenses.

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Other account fees, fund expenses, and brokerage commissions may apply. What are the benefits of a Schwab One Custodial Account?

Custodial Account

With this account, you'll also enjoy: All assets are held in the child's name. A custodial account is an irrevocable gift and must be turned over to the child when he or she reaches the age of majority, typically 18 or 21 or up to 25 , depending on the governing state.

Can I Open a Brokerage Account for My Child? -- The Motley Fool

Ready to get started? Open a Custodial Account Or, Download Application Need help? Account fees and commissions Minimum opening deposit: Quick answers to related questions Have questions about our Schwab One Custodial Account? To get started, download a Custodial Account application or request a Custodial Account application by mail.

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Or, you can always call for assistance. We'll send you your account number as soon as your application is completed and approved. You can use your account number to log in to Schwab. Is a custodial account the best way to set up a college fund?

If your primary goal is to offer funds for college, you might want to consider a College Savings Plan or an Education Savings Account , which have specific tax advantages for saving for college.

Talk to your tax advisor to find out if it might be right for you. What if I want to transfer a significant amount of wealth to a child? Applying for a Schwab One Custodial Account is easy. It's helpful to have the following information on hand before you begin: Take the next step. Open a Custodial Account Download a Schwab One Custodial Account application or call Request a Schwab One Custodial Account application by mail.

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