Originally Posted by RE2Boys
Well, it appears that Fidelity is the most recommended due to service, Vanguard recommendations are very mixed, and not many have experience with T Rowe Price.
TRP is one of the few companies in the nation that will custody IRAs for minors, so we put our 14-year-old's IRA there.
A week after we did the paperwork I attempted to activate the online account features. No joy. I finally called TRP and it turned out that they'd entered her SSN incorrectly. They said "Log in with this SSN and then change it." I balked and had them enter it correctly before we'd proceed further. Two days later we finally had online access.
We sent them the EFT paperwork 12 days ago for transferring money directly from her checking account instead of via paper checks. I'm afraid to call and see how that's doing...
As soon as she turns 18 I'll point out to her that Fidelity will custody her IRA for a much smaller expense ratio and will consolidate her account privileges under the family umbrella. I don't think she'll stay at TRP.