What type of custodial account does Stash offer?
Stash offers Custodial Accounts that are called UTMAs (Uniform Transfer to Minors Act) and UGMAs (Uniform Gift to Minors Act) as allowed by state law.
How is the account type determined?
The account type (UTMA or UGMA) is decided by which state the person opening the account (AKA the Custodian) resides in.
What are the differences between these two accounts?
These two accounts are similar, but there is a difference in the kind of assets you are allowed to transfer to a minor.
UGMA law limits gifts and transfers to securities and bank deposits. This means you can’t transfer assets like real estate with UGMAs.
UTMA law allows virtually any kind of asset, including real estate, to be transferred to a minor.
Related questions View all Custodial
Q. When will my trades get executed in my Smart portfolio?
Once your money has completed the transfer and arrived in your account, we’ll execute your trades. Typically, this takes 1-2 business days. Please note that a business day is Monday through Friday, excluding weekends and US market holidays. DISCLOSURES This type of account is a Discretionary Managed Account.…1
Q. Once I deposit money into my Smart portfolios, do I need to do anything?
Nope! We’ll handle the rest—this is smart investing, after all. You might want to consider investing (depositing money) regularly, though. That way your investments can grow through the magic of compound interest. DISCLOSURES This type of account is a Discretionary Managed Account.…0
Q. How much can I withdraw from my smart portfolio?
You can request a withdrawal from your smart portfolio for up to the total value of your Smart portfolio — minus any pending withdrawals. For example, if your Smart portfolio is worth $1,000, you can request a withdrawal for the full balance of $1,000 or any number up to $900.…1
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