MarketWatch
US · 1 hrs ago
✦ 72✓ Factual
I’m setting up brokerage accounts for my grandkids in my daughter’s name. Is that wise — or am I asking for trouble?
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Quality 72/100
Partisan intensity 15/100
ObjectivePartisan
Low partisan intensity — consistent with factual reporting✓ Fair headline
A grandparent seeks financial advice on whether setting up brokerage accounts for grandchildren in their daughter's name is a prudent approach, with accounts currently invested in diversified mutual funds tracking major stock indices.
I’m setting up brokerage accounts for my grandkids in my daughter’s name. Is that wise — or am I asking for trouble?
“The contributions are invested in mutual funds tracking the S&P 500, small-cap stocks and international equities.”
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