Assets are legally yours (irrevocable gifts) but controlled by the adult until you reach the age of majority (18 or 21, varies by state).
Unlike a standard custodial account, you can own the account and make your own investment decisions. buying stocks under 18
: This is a unique option for teens aged 13–17. Assets are legally yours (irrevocable gifts) but controlled
: These are the most common way for minors to invest. An adult (custodian) opens and manages the account for you. buying stocks under 18
: If you have earned income (from a part-time job or even chores), an adult can open this for you.