InvestSMART

InvestSMART accounts for children

Question

I started a fund for my daughters 5 years ago with AMP and now they are closing theses funds. I have approx 35K in each for them. Age of daughters is 18 and 15 Looking for minimum 7 years investment portfolio for them. your suggestion - Submitted by Hamish

Answer

Hi Hamish, you could consider the InvestSMART managed portfolios.

They are diversified and have capped fees, so your cash stays in your pocket and realises the benefits of compounding.

You can open several different account types, including for children under 18 years of age. For children 18 years or over, you can open an individual account in their name.

First, look at the different types of portfolios. You can match your goals, timeframes, and risk to find a suitable portfolio.

You can click the 'Invest Now' button and begin the quick online process to open an account.

Always remember to read the Product Disclosure Statement and ask any questions at invest@investsmart.com.au if you require help.

 

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Tom Wilson
Tom Wilson
Product Specialist