A custodial account is a financial account that parents manage in their child's name — a tool to transfer and build wealth that can invest in almost any asset

7:53pm PST - January 13th, 2021    td ameritrade - Business Insider

Summary List PlacementBuilding a nest egg for the next generation obsesses many parents. One key tool in wealth-accumulating and -preserving comes in two little words: custodial account. A custodial account is simply an investment account that's in a child's …