UGMA/UTMA Account Information

A UGMA/UTMA account is an individual or entity that manages an account for a minor until that minor reaches a specific age. The assets are held in a single account managed by a single Custodian user, who will have access to all functions. This type of account is only available to US residents in a Cash Account. Margin is not available.

Note: A UGMA/UTMA account is a standalone account for the minor and cannot be linked to an existing account. This is because the SSN or Tax ID on file is the minors. The UGMA/UTMA will remain a standalone account until the minor turns 18 or 21, where they can open a new individual account and transfer the assets to the account for themselves.

 

The email address on file will typically be the custodian's. Therefore, this individual will receive all emails, including activity statements and trade confirmation reports. To find out additional information on this account type, please click here.