What type of assets can be invested in an UTMA account?
UTMA accounts can hold various assets including precious metals with easy transfers.
Nearly any type of asset can be invested in an UTMA(Uniform Transfers to Minor Act) account, including real estate, equities, and physical commodities.
With an UTMA from GBI Direct, you can invest in precious metals safely and easily on behalf of minors through our precious metals' platform.
Please note the gifting of a UTMA account varies, typically the minor can receive the account once they are 18 or 21, however, this is based upon each state.