Charles Schwab announced the launch of its Schwab Teen Investor account, a joint brokerage account designed for teenagers ages 13 to 17 and their parents or legal guardians.

The account allows teens to trade stocks, fractional shares, exchange-traded funds, mutual funds, and fixed income securities through Schwab's mobile app and trading platforms. The joint account structure enables parents to monitor their teen's investing activity.

Key features include no minimum initial deposit, $0 commissions for online listed equity trades, no account opening or maintenance fees, and access to cash through a debit card. Teens who complete an online education course within 45 days of opening the account receive $50 in fractional shares.

According to Schwab's survey of 1,000 teens and 1,000 parents conducted in October 2025, 70% of teens expressed high interest in investing, while 73% of parents believe it is important for teens to learn about investing. The research found that 87% of teens want parental involvement in their investing activity.

"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.

The account excludes higher-risk products such as margin trading, options, futures, FOREX trading, and leveraged or inverse ETFs. Educational resources include content from Schwab Moneywise, live coaching sessions, and a new investor content hub.

Schwab reported that Gen Z investors comprised nearly one-third of new retail client accounts opened in 2025, with the average new retail client in their 30s.