Best Custodial Accounts for November 2024

Custodial accounts are typically checking, savings, or brokerage accounts that adults can open to help build wealth or transfer complex assets like real estate or fine art to a minor. The best custodial accounts are found on reliable, cost-effective platforms that also offer strong customer support and a rich selection of investment opportunities.

According to our research, Charles Schwab offers the best custodial account due to its long track record, excellent customer support, and minimal fees. In addition, parents, family members, and friends can easily open an account for a minor without funding requirements or restrictions. We analyzed ten companies that offered custodial accounts and evaluated them on several factors, including transaction fees, company history, educational resources, customer service, and many other features.