Schwab Targets Teen Investors, Launches Joint Brokerage Accounts

Charles Schwab Corp. has begun offering brokerage accounts designed to introduce teens to investing and personal finance.

The offering features a joint account for parents and their kids aged 13 to 17, the company said in a statement Thursday. They give teens the ability to trade stocks, fractional shares, most exchange-traded funds, mutual funds and fixed-income securities.

“Young people – including teens – want to invest earlier than ever before, and the Schwab Teen Investor account offers an accessible and engaging way to help teens start their investing journey,” Jonathan Craig, head of retail investing at the company, said ...