Trump Accounts will join 529s, UGMA/UGTA custodial accounts, Roth IRAs for Kids, Youth Account and more at Fidelity to set the next generation on a path toward financial security.
BOSTON, June 23, 2026 — Fidelity Investments® today announced plans to introduce rollover functionality for Trump Accounts, expanding its suite of products and offerings available to help families save and invest. Trump Accounts (530A accounts) give families a new way to start investing early for their children, offering a tax-advantaged retirement account designed to support long-term financial security. Following the issuance of Treasury guidance on rollovers, families will be able to transfer eligible assets into a Trump Account at Fidelity, complementing a robust lineup of existing investment offerings designed to support key financial moments and milestones in a child's life, and making it easier for families to make investments and track progress and goals in one place.
“Steady and intentional investing for the long term is one of the most powerful ways families can drive lasting financial success,” said Tom Jessop, president of Fidelity Brokerage. “Fidelity offers families a range of options and support to encourage caregivers and their children to build lifelong financial habits together.”
By combining early investing with the benefits of tax-advantaged growth, Trump Accounts may play an important role in helping families meet their specific goals and build financial security for a child’s future, alongside existing offerings:
- 529 Accounts: Tax-advantaged education savings accounts owned by an adult, with a designated beneficiary. Funds can be invested and used tax-free for qualified education expenses nationwide, regardless of your state of residence.
- UGMA/UTMA Custodial Accounts: Investment accounts owned by a minor and managed by a custodian until the child reaches the age of majority. Funds can be used at any time for expenses that benefit the child.
- Roth IRA for Kids: Tax-advantaged retirement accounts owned by a child with earned income and managed by an adult custodian. Contributions grow tax-free, and funds can be withdrawn tax-free in retirement if certain conditions are met.
- Youth Account: Brokerage accounts owned by teens ages 13–17, with parental oversight. Teens can manage saving and investing directly while learning financial skills in a controlled environment.
- Attainable Savings Plan (ABLE) Accounts: Tax-advantaged savings accounts owned by individuals with disabilities. Funds can be invested and used for qualified disability expenses while preserving eligibility for certain public benefits.
“Helping families build their wealth, starting with meaningful planning discussions and understanding of the available tools, is a priority for Fidelity. By enabling rollovers of Trump Accounts, we're happy to provide a new tax-advantaged savings vehicle that can help families confidently create a plan for younger generations to achieve lasting financial security,” said Bob Mascialino, president of Fidelity Wealth.
For more information and updates on Trump (530A) Accounts at Fidelity: https://www.fidelity.com/retirement-ira/530a-trump-accounts.
About Fidelity Investments
Fidelity’s goal is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve. Fidelity’s strength comes from the scale of our diversified, market-leading financial services businesses that serve individuals, families, employers, wealth management firms, and institutions. With assets under administration of $17.9 trillion, including managed assets of $7.0 trillion as of March 31, 2026, we focus on meeting the unique needs of a broad and growing customer base. Privately held for 80 years, Fidelity employs more than 80,000 associates across North America, Europe, and Asia-Pacific. For more information about Fidelity Investments, visithttps://www.fidelity.com/about-fidelity/our-company.
###
Unless otherwise expressly disclosed to you in writing, the information provided in this material is for educational purposes only. Any viewpoints expressed by Fidelity are not intended to be used as a primary basis for your investment decisions and are based on facts and circumstances at the point in time they are made and are not particular to you.Accordingly, nothing in this material constitutes impartial investment advice or advice in a fiduciary capacity, as defined or under the Employee Retirement Income Security Act of 1974 or the Internal Revenue Code of 1986, both as amended. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in this material because they have a financial interest in the products or services and may receive compensation, directly or indirectly, in connection with the management, distribution, and/or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services. Before making any investment decisions, you should take into account all of the particular facts and circumstances of your or your client’s individual situation and reach out to an investment professional, if applicable.
Views expressed are as of the date indicated, based on the information available at that time, and may change based on market or other conditions. Unless otherwise noted, the opinions provided are those of the speaker or author and not necessarily those of Fidelity Investments or its affiliates. Fidelity does not assume any duty to update any of the information.
Before investing in any exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.
Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917
Fidelity Distributors Company LLC
900Salem Street, Smithfield, RI 02917
National Financial Services LLC, Member NYSE, SIPC
245 Summer Street, Boston, MA 02210
1269150.1.0
© 2026 FMR LLC. All rights reserved
