Charles Schwab today announced the new Schwab Teen Investor™ account, a joint brokerage account for young people ages 13 to 17 and their parent or legal guardian.

With the Schwab Teen Investor account, teens get access to a range of investment products, financial education tailored to their needs, and 24/7 support from Schwab professionals. Teens who complete an online education course within 45 days of opening the account will receive $50 in fractional shares to help them get started.

A joint account structure allows parents to monitor and engage as needed as their teens invest.

Schwab research shows that teens are eager to start investing, and parents are just as enthusiastic. According to a recent Schwab survey, 70% of teens are very or extremely interested in investing, and 73% of parents believe it is very important for teens to learn about investing. For parents, the desire for their teens to learn about investing is about teaching financial responsibility (69%), giving them a financial head start (65%), and ensuring they learn important financial concepts like growing wealth over time (64%).

“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,” said Jonathan Craig, Head of Retail Investing at Charles Schwab. “It’s exciting to see this interest in investing at such a young age, but it’s critical that we help teens get off on the right foot by combining a teen-friendly experience with the education, tools, and support they need to develop a strong understanding of investing and build positive habits.”

The Schwab Teen Investor account gives teens the ability to trade stocks, fractional shares, most exchange-traded funds (ETFs), mutual funds, and fixed income securities via Schwab’s mobile app, Schwab.com, and Schwab’s thinkorswim® trading platforms.

The Schwab Teen Investor account does not provide teens access to higher risk products and services such as margin and option trading, futures and FOREX trading, and higher-risk securities such as leveraged or inverse ETFs.

Schwab sees strong engagement and growth from younger investors and is well-positioned to expand its offer to teens. Schwab’s average new-to-retail client is in their 30s, and Gen Z investors comprised nearly a third of new Schwab retail client accounts opened in 2025.

In addition to the range of investment products and services available through the Schwab Teen Investor account, teens also have access to a customized new client experience and a wide range of investing and trading educational content, tools, and professional support – all tailored for teen investors and designed to help them understand the basic building blocks of investing to support their long-term success.

These teen-focused educational resources include:

• A New Investor Content Hub with videos and resources, including content from Schwab Moneywise®, Charles Schwab Foundation’s longstanding financial literacy program, that cover a range of foundational topics, including saving, investing, how to trade at Schwab, and personal finance essentials.
• An interactive online education course. Teens who complete the course within 45 days of opening the account will receive $50 in fractional shares split across the top five stocks in the S&P 500® in their Schwab Teen Investor account to help them get started.
• Live coaching sessions for teens led by Schwab’s Education Coaches.

Teens interested in investing in specific areas can also access Schwab Investing Themes,® an easy way for Schwab clients to invest in the trends, ideas, or personal values they care about the most. Schwab Investing Themes offers over 40 themes, each with up to 25 research-backed stocks that clients can customize and trade in a few clicks.