Custodial wallets generally have a more user-friendly interface and experience, as the custodian handles the technical aspects of wallet management. This makes them easier for beginners to use.

A custodial account usually is a savings account set up and managed by an adult for a minor. It offers more flexibility than a traditional education savings account.

Explore the best custodial accounts for kids in June 2025: This guide compares perks, limitations, fees, and more from the top UGMA/UTMA accounts.

Typically, custodial brokerage accounts are opened by parents or grandparents who want to save for a child's future or make financial gifts to a child.

JP Morgan’s custodial Roth IRA. has no minimum opening balance, and there are no account opening or maintenance fees.. There is a $75 account closing fee if you terminate the Roth IRA. JP Morgan ...

The best custodial accounts focus on what's best for both the child and the adult account owner. Here are our picks for the best custodial (UTMA/UGMA) account providers.