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Is there a Swiss broker which has stock custody accounts for children? I would like to buy some stocks for my children, and would like the stocks to be held in their name.
Hi there,
While some Swiss banks do offer private accounts, savings accounts and gift savings accounts for children, many banks do not provide custody accounts to individuals younger than 18 years old.
Some banks offer investment fund gift savings accounts for children. These provide an alternative for parents or relatives looking to invest a child's savings. It is important to carefully review the terms, conditions and fees attached to this kind of account.
You can find useful information in the moneyland.ch guide to gift savings accounts.
Some banks, like the Zürcher Kantonalbank, may open a custody account for a child if the applicant can provide a court order declaring that the assets belong to the child.
Consider comparing custody accounts using the moneyland securities broker comparison. Once you have found a broker that matches your needs, contact the broker and ask them whether they will open an account in your child's name.
Best regards from Moneyguru
