Understanding Custodial Accounts: A Guide for Families

ARTICLE | October 16, 2025

Families looking to build a solid financial foundation for their children often discover that early planning can have a meaningful impact on a child’s future. One way to get started is by opening a custodial account, which allows parents, grandparents, or other trusted adults to manage investments on behalf of a minor until the child reaches a certain age. This article explores how these accounts work, what benefits they offer, and how they compare to other types of savings vehicles. Whether you’re a parent hoping to teach your child about money management or a grandparent who wants to make a meaningful gift, understanding the ins and outs of custodial accounts is key to creating a successful plan.

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