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Support Center

Does M1 support Custodial Accounts?

No, M1 does not currently support custodial accounts. We plan on supporting custodial accounts later in 2018.

 

Custodial Account

A custodial brokerage account is set up for the benefit of a beneficiary, and administered by a responsible person, known as a custodian, who has a fiduciary obligation to the beneficiary. These are most commonly used to open accounts for minors.

 

 

 

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