In addition to safeguarding the assets, mutual fund custodians can handle settlements, track investors' transactions, and ensure that money is deposited in the custodial account or sent to ...

In many cases, a parent or guardian opens a custodial account to give money to or invest money for a minor. Parents can use it to build savings for a child, to allow other family members to make ...

"Custodial accounts can also be beneficial for parents to teach their children about investing and money management," he says. This is where you can teach her to fish while also helping her stock ...

Other savings accounts for minors are 529 college savings plans, custodial IRAs, and trusts. Depending on the purpose of your savings and how you want your money distributed, consider opening a ...

CBS News Miami's Trish Christakis introduces us to Joseph Gromley, a school custodian from Scotland who's American dream is raise money for others.

However, until the child is 18, the account will require a named custodian -- typically a parent -- to monitor the account and invest the money. Once the child turns 18 (or 21 in some states), the ...

The lower house in Bern voted 98-89 on March 13 in favor of preserving the Boston-based bank’s mandate for the social ...