What is the True Wealth portfolio for children?

The children's or youth 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 children'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.

Grandparents, friends, and other relatives can also make payments into the children's account, 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 have the amount transferred to another children's account also 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 children's 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».

More questions in "Child portfolios"

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