Teens aged 13-17 can now trade stocks independently with Schwab's new Teen Investor account.

Charles Schwab has launched a new Teen Investor account allowing 13- to 17-year-olds to trade stocks independently without parental approval. The account is jointly owned by the teen and a parent, but the teen controls all trading decisions with their own login. This move reflects growing financial education and accessibility for young investors, empowering teens to manage their investments directly. It marks a shift from traditional custodial accounts where parents had full control.