Investment accounts for children

Invstr Jr is an account that allows parents or guardians to invest and manage money on behalf of their children by way of a child investment account. Parents can set up an investment account for their children and help teach investing, money management, and stocks for minors, giving them a head start on their financial future.

Invstr Jr works as any other custodial account or child investment account; parents (also referred to as custodians or guardians) have the ability to invest in stocks, ETFs, and crypto for their children, send rewards for goal completion, put money toward savings, and use Invstr’s robust collection of education and resources to teach their children money management and investing strategies.

When it comes to your child’s future, an investment plan and children’s portfolio are the most valuable tools you can give them. Invstr Jr’s investment account for children and parents makes investing fun, safe, and easy for the whole family.

Invstr Jr is a great way to teach kids about investing and money management via our other products: Fantasy Finance, in which your child can manage a virtual children’s portfolio and buy stocks for children; Invstr Academy, where your child can learn how to be a great investor and even create a child investment plan; and our real-time analysis, which helps both you and your child grow and learn together. It’s a great way to help them develop financial literacy, which can be important as they get older. If you’re looking for ways to teach your children about finance, then Invstr Jr might be right for you.

You must be a parent or legal guardian in order to create a child investment account via Invstr Jr. Your child will technically own the funds in the account, but you will be responsible for them. Therefore, you should consider the tax filing implications of opening the account. Please consult your tax advisor.

You should consider using Invstr Jr if:

• You want to open an investment account for your child
• You want to buy stocks for your child 
• You want to teach your child how to invest and maintain a children’s portfolio
• You want to set your child up for financial success
• You want to help your child learn smart money management and fiscal responsibility
• Your child is interested in stocks for minors, a children’s portfolio, or a child investment account

To open an Invstr Jr account for your child(ren), please follow these steps:

• Download the Invstr app from either the Apple store or Google Play store.
• Sign up for an account by providing your details and upload a copy of your passport or driver’s license (you can also use selfie mode).

If not an existing Invstr customer, it is necessary to open an Invstr+ account before proceeding with setting up your child(ren)s accounts. 

You can start here to sign up. If you already have an Invstr+ account and want to set up a Jr account then go ahead!

After entering all required details in step 1 above (and making sure they are correct), please download our mobile app via these links:

The Invstr Jr account is a Uniform Transfers to Minors Act (UTMA) custody account. However, it is treated as a full trust account, meaning that it is opened and managed by a designated trustee (Parent or Guardian) for the benefit of the Minor. The Parent or Guardian acts as a fiduciary, meaning they have a legal responsibility to prudently oversee the Minor’s investments.

Your child’s future is important to you. You want to make sure that they have a comfortable and secure life, so you’re looking at a child investment account for them.

We know security is important when it comes to your money and your children’s portfolio. That’s why we’ve taken the following steps to ensure your Invstr+ account is safe and secure:

• Your bank account is FDIC insured
• Your brokerage account is SIPC insured
• Your crypto is stored in a bank
• We protect your account with OKTA best-in-class security
• Your data is encrypted and secure—we will never share your personal details