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Custodial Accounts

Plan for the future they're dreaming about

A custodial account allows you to invest on behalf of a minor for a college education or any other expense that benefits them.

Custodial Account Features

Choose how you want your account managed

Make contributions up to annual gift tax limits

Enjoy the flexibility of a cash management account

Manage the account until the minor is of age

Who can contribute to a custodial account?
Anyone can contribute to a custodial account, including family members and friends.

Do you know how much you may need to save for college expenses?

Find out how much you may need to save for college with our College Planning Calculator and prepare for the cost of higher education.

Discover your investment choices

Find your preferred way to invest, whether you're interested in simple stock trades, mutual funds, ETFs or fixed income and bonds.
Merrill offers transparent pricing for trades, account services and investment advisory programs.
Select to Learn more about pricing at Merrill

Ready to get started?

Select to Open an account
or call us at 888.637.3343

Frequently Asked Questions

Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary (PDF).

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp").
Merrill Lynch Life Agency Inc. (MLLA) is a licensed insurance agency and wholly owned subsidiary of BofA Corp.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity

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