Investing
Fidelity to Allow Teenagers to Trade Stocks With No-Fee Accounts
- Firm will let 13- to 17-year-olds trade stocks, mutual funds
- The Fidelity Youth Account will let parents monitor activity
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Fidelity Investments is giving teenagers access to financial markets with a new type of brokerage account.
The fund manager will provide investing and savings accounts and debit cards to 13- to 17-year-olds whose parents are clients, Boston-based Fidelity said Tuesday in an emailed statement. They will be able to trade U.S.-listed stocks, Fidelity mutual funds and most exchange-traded funds, with no account fees or commissions.