What is the True Wealth portfolio for children?

The child portfolio is a new type of piggy bank for children and young people aged 0 to 17: it's unbreakable and offers significantly better potential returns.

The True Wealth Child Portfolio is a genuine portfolio: The account is held in the child's name. The money is tied up as the child's assets and the parents retain control until the child reaches the age of majority. In addition, the investment strategy is optimized to meet the individual needs of the child.

Payments can also be made into the child's account by grandparents, friends and other relatives, and all incoming payments are noted by name.

As a rule, no withdrawals can be made before the child reaches the age of majority. However, you can, of course, liquidate the portfolio at any time and transfer the funds to another account in the child's name.

Until the child reaches the age of majority, the parents or legal guardians retain control of the account. After that, it is transferred to a regular adult portfolio. This transition is seamless and does not involve the liquidation of securities, which saves costs and stamp duty.

The portfolio for children and teenagers is easy to use and is based on True Wealth's proven ETF-based wealth management technology. You can set up a separate login for your child so that they can create their own investment proposals and learn about the markets. In this way, the child portfolio provides financial education through personal experience. As parents, however, you always retain full control over the investment strategy.

What's more, the adult-child combination allows you to benefit from reduced wealth management fees if you and your child reach the corresponding discount level. Find out more under «Our fees at a glance».