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What is an Invstr Jr account?

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.

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Updated on 25 September, 2022