Are there investment account options for minors with Goldman Sachs?

Goldman Sachs does offer various investment options that can be suitable for minors, primarily through custodial accounts. A custodial account is an investment account held in the name of a minor, with a parent or guardian acting as the custodian until the child reaches the age of majority, which is typically eighteen or twenty-one years old, depending on the state. This type of account allows for the investment of assets on behalf of the minor, providing an opportunity to save for future educational expenses or other financial goals. In addition to custodial accounts, there are also specific investment vehicles such as 529 plans that can be utilized for educational savings, which may be available through Goldman Sachs or its affiliated services. These plans allow individuals to invest funds specifically for qualified education expenses, providing tax advantages. To learn more about the specific investment account options available for minors, the best course of action is to visit the official Goldman Sachs website. There you can find detailed information regarding account types, features, and eligibility requirements. It is important to review these options carefully to determine the best fit for your needs and objectives.