ASÂ SEENÂ IN:
A kidâs investment account is a financial tool that allows parents to invest on behalf of their children.
More than just tuition
You can use this account to pay for educational costs, and your kids can also use it in the future for anything else!
Hands-off investing
Weâll help you determine your risk tolerance and select the portfolio that works best for your child.
Tax advantages*
You could be able to keep more money in your childâs account.
See our FAQâs below for details.
Personalized gifting
Share your child's unique gifting code and say goodbye broken toys or clothes theyâll outgrow.
Compounding is when the money your investments make gets automatically reinvested, so they can potentially a make even more.
Thatâs how a recurring $1/day contribution could turn into over $10,000 in 18 years!
Unlike a 529 plan, which is restricted to qualified education expenses, a UGMA investment account can be used for anything that benefits your childâno matter if itâs when theyâre minors, in college, or beyond.
UGMAÂ INVESTMENTÂ
ACCOUNT
529 PLAN
Education
Sports uniforms
Art supplies
First car
Wedding
First car
Retirement
CANÂ IÂ HAVEÂ BOTH?
Yes! Having both a 529 and a UGMA investment account is a great way to set your child up for financial success at any stage of their life.
Accounts will transfer to your child when they reach an age of majority (varies by state, typically 18-21 years old).
No more broken toys and unworn clothes!
Your childâs account comes with a unique gifting link that you can share with family and friends. Theyâll be able to send personalized gifts for birthdays, holidays, or just because.
Fabric was founded by parents for parents. We know how daunting it can be to start your investing journeyâwhich is why we work hard to keep our fees low.
Your account comes with features like automated investing, access to a dashboard to track your investments, and portfolio options to fit different life stages.
Asset management
Portfolios are managed by our SEC-registered partner, Fort Washington Investment Advisors, with 30 years of experience and $86.3 billion under management.§
Flexible portfolios
Weâll help you determine your risk tolerance and select the portfolio that works best for your child. Change at any time to adapt to your childâs life stage.
Security and privacy
Custodial accounts are SIPC-insured up to $500,000. We also use bank-level security and encryption to protect your sensitive information.
2024 Back to School Promotion Terms & Conditions
Updated September 10, 2024
âThe Promotionâ¨
Beginning on Aug 15, 2024 12:01AM EST and ending on Sep 22, 2024 11:59PM EST (the âPromotion Periodâ), if you open a UGMA account with Fort Washington Investment Advisors (âFort Washingtonâ) on the Fabric by Gerber Life platform (âFBGLâ), Fabric will deposit $25 into your new UGMA account on Oct 28, 2024. This promotion is limited to new custodians who open a new UGMA account during the Promotion Period, and is only applied to the first account opened. This promotion is provided by FBGL, as solicitor for Fort Washington.â¨
Eligibilityâ¨
To be eligible for this promotion, you must (1) be a new custodian; (2) open one new UGMA account; (3) complete the setup of your UGMA account with a linked bank account; and (4) the UGMA account has remained open and is in good standing with FBGL at all times from account opening until Oct 28, 2024.
To qualify as a new custodian, the user of the UGMA account must not have previously opened a UGMA account with Fort Washington on FBGL. FBGL defines a UGMA account in good standing as an account that (1) has not been suspended or had suspicious or fraudulent activity, as determined by FBGL in its sole discretion; (2) has a minimum account balance of $20; (3) has paid all administrative fees. If an account has not remained in good standing until Oct 28, 2024, the account will not be eligible for the $25.â¨
Employees of Fort Washington, FBGL and any of their affiliates are not eligible for this promotion.
Additional Information
This promotion is a limited time offer. FBGL reserves the right to restrict, revoke or change this offer at any time at its discretion. FBGL is not responsible for any failure on your part to maintain your account in good standing or otherwise meet standards for qualifying for this promotion.
â For illustrative purposes only and should not be construed as investment advice.
* Fabric by Gerber Life and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
§ Assets under management are $82.1 billion as of 6/30/2024.
Š 2024 Gerber Life Agency, LLC
Fabric by Gerber Life is a brand of Western & Southern Financial Group, Inc. Western & Southern Financial Group, Inc. is the parent company of Fort Washington Investment Advisors, Inc.
Investment advisory services tied to the Fabric by Gerber Life platform are provided by Fort Washington Investment Advisors, Inc., an SEC registered investment adviser. Registration as an investment advisor does not imply any level of skill or training. Custody, brokerage, and clearing services are provided by Apex Clearing Corporation, a registered broker-dealer and member FINRA/SIPC. As a member of the Securities Investor Protection Corporation (âSIPCâ), funds are available to meet customer claims up to $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, contact SIPC at (202) 371â8300 or visit www.sipc.org. Please consider your objectives before opening an investment account. Investments in securities involve the risk of loss. A diversified portfolio does not ensure a profit or protect against a loss. Past performance does not guarantee future results.
Plan like a parent. is a trademark of Fabric Technologies, Inc.
Gerber Life is a registered trademark. Used under license from SociĂŠtĂŠ des Produits NestlĂŠ S.A. and Gerber Products Company.
In the State of California, Gerber Life Agency, LLC is known as and does business as Gerber Life Insurance Agency, LLC.