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Custodial account. Bank, brokerage, or other kind of account established for a minor or beneficial owner but managed by a parent, custodian, or. A custodial account at fidelity is a brokerage account with comprehensive trading, mutual fund, and cash management features. ...
It is also important to note that any asset transfers into a childs custodial account are irreversible, once a transfer has been made the. Brokerage. A custodial account is a savings account accessible through a financial institution, mutual fund company or brokerage firm that an adult controls for. ...
You can simply go to your local bank or any brokerage firm and quickly open a custodial account. The schwab one custodial account is a brokerage account that allows you to make a financial gift to a minor and help teach them about investing. ...