In order to save and invest money independently, the young person needs consent from the parent(s) or legal guardian(s). Once consent has been given, the young person can buy and sell funds and invest in stocks through a book-entry account.
Minors cannot buy complex investment products or investment products listed outside the European Economic Area. Complex investment products include complex investment funds and ETFs, structured investment products, warranties and certificates.
After the consent is given, the young person can view and make changes to all their owned savings and investments. Please note that the authorisation does not apply to possible insurance assets.