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Jan 17, 2019
2:55
:40
pm
PhilPete
All-American
No, cannot legally own securities. If you open a college savings pan for him,
in your name, then he can own them through that account registered in your name.
This message has been modified
Originally posted on Jan 17, 2019 at 2:55:40pm
Message modified by PhilPete on Jan 17, 2019 at 2:55:56pm
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PhilPete
Previous username
philpete84041
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PhilPete
Joined
Sep 24, 2003
Last login
Jun 9, 2024
Total posts
27,291 (28 FO)
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Messages
Author
Time
Can a 13 yo have their own investment account? My son wants to buy some mutual
Iman23
1/17/19 2:54pm
No, cannot legally own securities. If you open a college savings pan for him,
PhilPete
1/17/19 2:55pm
Uniform Gift to Minors Act. I am not sure they are still available
BYU71
1/17/19 2:57pm
Still availabel. I couldn't remeber the title of the account. Thanks.
PhilPete
1/17/19 3:26pm
Old enough for a CB account should be old enough for an investment account.
garyfan
1/17/19 3:04pm
Just open a UTMA account for him at somewhere like Fidelity. It’s easy.
RdF3
1/17/19 2:59pm
UTMA or UGMA, but I believe they get full control of the account when
neboutefan
1/17/19 3:07pm
This is what Vanguard told me last week as well when I asked the same question
BYUfan92
1/17/19 3:31pm
Yes - Open a custodial account at Schwab
A Man in Full
1/17/19 3:18pm
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