Custodial investment account child
7 Dec 2018 I will say that once money is in a custodial/UTMA account (even at a bank) it is the child's. It has to stay in custodial accounts, you are just the A custodial account is a financial account held in the name of a minor, usually by a parent, legal guardian, or another relative. If you are a parent or guardian of a young person, this gives you the opportunity to save and invest for your child while retaining full control of the account until they reach adulthood.