What is a 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.
Does M1 Support Custodial Accounts?
At this time, M1 does not support custodial accounts. We hope to provide these types of accounts in the future and will update all our users once they are available.