Custodial accounts have special tax benefits and allow you to build savings for a beneficiary. Learn how much they cost and if they might be a wise strategy for you.

Parents, grandparents and others who wish to invest in the future of a child they love are often drawn to the idea of opening UTMA custodial brokerage accounts to provide a financial head start.

A custodial account is a savings or investment account an adult opens and administrates on behalf of a minor. The best custodial accounts offer features that matter most to both child and adult ...