How do I add a UTMA or custodial account for my child?
You can add a UTMA or custodial account to PortfolioPilot in two ways:
Option 1 - Connect via your brokerage (recommended):
- Open Net Worth - "Add an asset" - Securities.
- Search for the brokerage that holds the UTMA (e.g. Fidelity, Vanguard, Schwab).
- After connecting, look for the UTMA in the sub-account list. Most major brokerages surface UTMA accounts alongside regular accounts when you connect.
- If the UTMA account doesn't appear, email support@portfoliopilot.com with the brokerage name - we'll investigate.
Option 2 - Add manually:
- Open Net Worth - "Add an asset" - Other assets - Other.
- Enter the account name (e.g. "UTMA - [child's name]") and current value.
- Update it periodically as the account grows.
Once added, the account is included in your Net Worth and Retirement Planner projections. You can also move it into a separate Asset Group if you want to track it separately from your own investable assets.
