What is the True Wealth portfolio for children?

The child or youth portfolio is the new piggy bank for everyone from 0 to 17 years of age: unbreakable and with significantly better potential returns.

The True Wealth Child Portfolio is a true child's portfolio: the account is in the child's name, the money is protected (or tied) as a child's assets, parents retain control until the child comes of age, and the investment strategy is optimised for the child's individual needs.

Furthermore, grandparents, friends and other relatives can also pay into the children's account and all incoming payments are recorded with the corresponding name.

A protected child account means that the portfolio is legally protected and no withdrawals can be made before the child comes of age. (Of course, you are always free to close the portfolio and transfer the money to another linked child account, also in the child's name).

Until the child reaches the age of majority, parents or legal guardians retain control; after that, the account is transferred to a regular adult portfolio. This happens seamlessly and without liquidation of securities, which saves costs and stamp duty.

The child and youth portfolio is easy to use and is based on True Wealth's proven ETF-based wealth management technology. You can also give your child their own login so that they can make their own investment suggestions. However, you as a parent always retain full control over the investment strategy.

What's more, the adult-child combination allows you to benefit from reduced asset management fees if you and your child reach the corresponding discount level. Find out more under «Our fees at a glance».