Custodial Account
Invest on behalf of a minor with a custodial account (also known as an UGMA or UTMA account, based on the Uniform Gifts/Transfers to Minors Acts). A custodial account at Fidelity is a brokerage account with comprehensive trading, mutual fund, and cash management features. Funds in a custodial account are irrevocable gifts and may only be used for the benefit of the minor.
Custodial account features
| Low-cost investing |
No annual account fees, no trading fees for most Fidelity mutual funds, and online commissions on U.S. stock trades are $0.1 |
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| Wide range of investment offerings |
Stocks, bonds, and options, more than 10,000 Fidelity and non-Fidelity mutual funds, index and exchange-traded funds, among other offerings |
| Support |
Access to knowledgeable representatives |
| Powerful research and tools |
Free independent research from more than 20 providers Advanced trading platform and tools for Active Traders |
| Ease of use |
Online access to the account so you can move money into the account Many easy ways to deposit money in the account, including transferring funds from a bank or another financial institution, using direct deposit, or check |
| Uninvested cash |
Uninvested cash in your account is held in what is known as a core position. Think of your core position as a place where money is held before you invest it or distribute it from your account. For a custodial account, you may choose among many core positions:
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Questions?
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