(Uniform Transfers to Minors Act) can also hold physical property like real estate or fine art. Teen Brokerage Accounts :
This is a powerful long-term savings tool because investments grow tax-free. can you buy stocks under 18 — Practical guide - Bitget can you buy stocks under 18
An adult (custodian) manages the account for a minor (beneficiary). (Uniform Transfers to Minors Act) can also hold
Some brokers, such as Fidelity and Charles Schwab, offer accounts for teens aged 13–17. such as Fidelity and Charles Schwab
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).