Monthly Archives: August 2022

The 6 best custodial accounts of 2022: Manage investments for children and minors

When you buy through our links, Insider may earn an affiliate commission. Learn more. Custodial accounts, also known as UGMA/UTMA accounts, are brokerage accounts that allow parents or guardians to invest on behalf of their children or dependents. Ownership of these accounts transfers to the minors once they reach legal age (typically 18 or 21,…