I would like to start a UGAM fund for grand children but afraid fees would cut into actual donations to make it not worthwhile
Can.t afford to give much but return is better than bank savings account or piggy bank.

 
  • Hops Aficionado 3:37 am on November 23, 2010

    It depends upon the broker. Most online brokerages don’t have account maintenance fees for UGMA accounts. However, the mutual fund you buy within the UGMA may charge fees. You can find this information in the fund’s prospectus.

  • People are reading:

    purchasing mutual funds for minors