Custodial account fees tend to be low, but can vary among brokerages and financial institutions Fact checked by Brendan Harkness A custodial account is a special savings or investment account that ...

The term custodial account typically refers to uniform transfer to minors accounts (UTMA) and uniform gift to minors accounts ...

Many families are surprised to learn that under the Uniform Transfers to Minors Act, any gifts made to this type of account are irrevocable. A custodian (a parent or other adult) manages the ...

Such a custodial account can be established under the state’s Uniform Transfers to Minors Act (UTMA) or the Uniform Gifts to Minors Act (UGMA). Profit and prosper with the best of expert advice ...