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Essentially, this is an account in the parent’s name, with legal title to the assets in the account, as well as all capital gains and tax liabilities produced from the account belonging to the parent. Accounts are free and all trades charge a simple 99 cent fee. By Eric Rosenberg. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Many financial institutions have internal financial power of attorney forms, which will allow you to give someone financial power of attorney over your accounts at that specific institution without having to hire an attorney.

IT Services. Wayfair is an online destination for furniture and other home items. Another pair to consider is Ford and GM. Moreover, it seems likely top management will markedly improve data security and privacy in order to lessen the chances of repeat incidents of this magnitude. Make sure to read our analyst Jason Hall’s full buy thesis on each of these eight dividend stocks. Office Equipment. If you’re a beginner investor who wants to start investing in stocks, it’s easy to feel overwhelmed, but know that with some time and patience , things will get progressively easier.