How to Start Investing for Kids

What is a Custodial Account?

Custodial accounts are financial accounts held in the name of a minor by one or more custodians.

A custodial account works by having a parent, guardian or other custodian establish an account with a bank of broker offering these accounts.

How Does a Custodial Account Work?

Acorns offers a custodial brokerage account for parents interested in opening an investment account for their child called Acorns Early.

Best Custodial Accounts

1. Acorns Early 

Greenlight + Invest is an investment account for kids that comes paired with a debit card for kids and teens.

Best Custodial Accounts

2. Greenlight App

The service offers investors the ability to create Portfolio Pies, or a diversified portfolio that rebalances to help you achieve your money goals.

BEST CUSTODIAL ACCOUNTS

3. M1 Finance 

The service offers investors the ability to create Portfolio Pies, or a diversified portfolio that rebalances to help you achieve your money goals.

BEST CUSTODIAL ACCOUNTS

4. EarlyBird

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