ST Alpha - "Interesting. I’m curious how that works out. -- (edited)" (Reading a Post)

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In response to "Fidelity to allow kids 13-17 to open savings and brokerage accounts if their parents invest with the company (no fees!) -- (link)" by spamlet

Interesting. I’m curious how that works out. -- (edited)

Posted by znufrii May 18 '21, 06:20

Guessing it’s structured as a custodial UTMA. Do their parents need to sign off on all their trades or is there some sort of blanket permission for transactions?

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linky -- (link) - decline May 18, 06:26 2
- Thx! -- nm - znufrii May 18, 06:40
- So not a joint or UTMA account. Interesting. -- nm - spamlet May 18, 06:34
Also implications for taxes and possible financial aid need to be considered - znufrii May 18, 06:24

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Interesting. I’m curious how that works out. -- (edited)

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