Can I open an account for my children?

For now, you can open an account only in your own name. We're working on adding the ability to open an account in your child's name.

In the meantime, you can invest for your children via the multiple portfolios option. You can open a separate portfolio for each child and give it your child's name. The portfolio is in your name, but completely separate from your own investments.

Why investing in your own name can also be an advantage

At first sight it may seem like a limitation that the portfolio isn't in your child's name. But there are good reasons why many parents deliberately choose this.

You keep control. If an account is in your child's name, they automatically get full control over the money on their 18th birthday. Not every 18-year-old can handle that responsibly yet. If the portfolio is in your name, you decide when your child is ready for the money to be handed over.

You can freely use the money for your child. If you want to use the money for their studies or another investment in your child's future, you can do so right away. With an account in a minor's name, large expenses require the approval of a justice of the peace.

The flip side: inheritance tax. Parents sometimes choose an account in their child's name to avoid inheritance tax. Money in your own name falls into your estate when you pass away. For young parents, that chance is statistically small. Weigh it against the certain downsides above.

Updated on: 11/06/2026