There are several ways for a minor to own stocks, each with different levels of independence and tax benefits. Schwab One® Custodial Account

Buying stocks under the age of 18 is legally possible, though you cannot open a standard brokerage account on your own. Instead, you must use specialized accounts managed by an adult—typically a parent or guardian—until you reach the "age of majority" (usually 18 or 21, depending on your location) . 1. Choose Your Account Type