No. Babylist doesn't open, hold, or manage your investment account.
Early Investor helps you create a fund, link your 529 plan or 530A (Trump Account), and receive gifts from friends and family. Your linked investment account is held and managed by your investment provider.
With Early Investor, you can:
- Create a fund for your child.
- Link your 529 plan or 530A (Trump Account).
- Share your funds with friends and family.
- Receive gifts that are transferred to your linked investment account.
Babylist never holds the money.
Your investment provider manages your investment account, including:
- Opening a new account.
- Updating account information.
- Managing investment options.
- Answering tax or account-specific questions.
If you need help with any of these tasks, contact your investment provider or a qualified financial professional.