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
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Q. What are the fees for this account?
Nothing in addition to your monthly subscription fee! If you’re a Stash Growth or Stash+ customer, you automatically have access to Smart Portfolio and there are no additional fees for having one. DISCLOSURES A “Smart Portfolio” is a Discretionary Managed account whereby Stash has full authority to manage.…
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Q. How is this Smart Portfolio recommended for me?
The Smart Portfolio mix is selected to be best-suited to your risk profile. Staying invested is really important, and we know that you are more likely to stay the course if your portfolio offers you a comfortable balance of growth and volatility (or the most comfortable balance of reward versus risk over the long term).…
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Q. Am I allowed to withdraw and deposit funds?
Absolutely! We encourage you to deposit funds on a regular basis, so that you can build a strong portfolio. In fact, that philosophy is a pillar of The Stash Way®. You can also withdraw whenever you want.…
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