UGMA/UTMA
accounts
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Open
Application and account options
Account application
Use this application to open a Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) account.
Complete the Application for Individual or Joint Accounts.
Successor custodian designation
Use this form if the state in which the custodian resides allows a successor custodian to be designated in the event the original custodian resigns, passes away, is incapacitated or is removed.
Complete the UGMA/UTMA Successor Custodian Designation form.
Account options
Access the client’s account online to add account options like automatic investment, exchange or rebalance plans, as well as to change dividend and capital gains payment options. Use the Mutual Fund Account Options form when adding other options, such as wire transfers, check writing or withdrawals via Automated Clearing House.
Log in to Client Accounts.
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For answers to common questions, visit Opening UGMA/UTMA accounts.
Transfers
Open an UGMA/UTMA account with funds from another institution
Use this form, along with an application, to move non-retirement/nonqualified assets to Capital Group via check or in-kind transfer. This form should be submitted directly to the resigning institution.
Complete the Request to Move Non-retirement/Nonqualified Assets.
Open an UGMA/UTMA account with a gift of shares
Use this form, along with an application, to transfer existing American Funds shares to open an UGMA/UTMA account.
Complete the Gift of Shares Request.
For answers to common questions, visit UGMA/UTMA tax information.
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Update
Update custodian’s personal information
Update custodian’s name
Use this form and submit it with supporting documentation. Refer to the form for requirements.
Complete the Name Change Request.
Update custodian’s address
Update the address via the custodian’s online account. Use the options on the right side of the page.
Note: There is a 10-calendar-day wait to process a withdrawal to the new address unless the withdrawal request is submitted in writing with a signature guarantee.
Log in to Client Accounts.
Update custodian’s contact information
The custodian’s email address and/or phone number can be updated on DST Vision® or by contacting us.
Log in to DST Vision.
For additional resources to help manage your clients’ accounts, refer to General account management.
Add/update custodian’s bank accounts
Link a bank account for investments
Add/update the bank information via the custodian’s online account. Use the options on the right side of the page.
Log in to Client Accounts.Link a bank account for withdrawals
Use this form.
Note: Unless the form is signature guaranteed, there is a 10-calendar-day wait to process a withdrawal to the new bank account.
Complete the Add/Update Bank Information form.
For answers to common questions, visit Managing client banking information.
Account registration changes
Remove a custodian
If the beneficiary has reached the age of majority, use these forms to remove the custodian. Refer to Transferring UGMA/UTMA assets for more information.
Note: If the beneficiary is signing the transfer form, a photocopy of their birth certificate or government-issued ID is required.
Complete the Transfer/Registration Change Request and, if applicable, the Application for Individual or Joint Accounts.
Change a custodian
Use these forms to change the custodian.
Note: A signature guarantee is required.
Complete the Transfer/Registration Change Request and, if applicable, the Application for Individual or Joint Accounts.
Change a successor custodian
Use this form to change the successor custodian.
Complete the UGMA/UTMA Successor Custodian Designation form.
If the custodian or beneficiary has experienced a major life event, visit Life events for checklists to assist with account updates they may need to consider.
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Transact
Investments
Make a one-time investment online
Access the client’s account online and select Buy. Be sure to have the client’s bank information on hand if it’s not already on file.
Log in to Client Accounts.
Make a one-time investment via check
Checks must be made payable to American Funds Service Company® and should include the account number and investment instructions. Mail the check to the service center near you.
Find a service center.
Set up automatic investments
Access the client’s account online and select Automatic Transactions to add or update an automatic investment plan.
Log in to Client Accounts.
Gift shares
Use this form to gift shares to an UGMA/UTMA account. If your client wants to receive a reduced breakpoint on an investment made as a gift of shares, be sure to send a letter of instruction. Refer to Gift of shares for additional information.
Complete the Gift of Shares Request.
For answers to common questions, visit UGMA/UTMA investments.
Withdrawals
Take a one-time withdrawal
Funds can be sent via check or Automated Clearing House (ACH) if the client’s bank account is already linked. The withdrawal will be reported under the beneficiary’s Social Security number. Access the client’s account online and select Sell.
Log in to Client Accounts.
Set up automatic withdrawals
Funds can be sent automatically by setting up an automatic withdrawal plan and can be sent via ACH or check.
Complete the Mutual Fund Account Options form.
For answers to common questions, visit UGMA/UTMA withdrawals.
Exchanges and rebalances
Complete a one-time exchange or rebalance
A one-time exchange or rebalance can be processed by accessing the client’s account online and selecting the appropriate option: Exchange or Rebalance.
Log in to Client Accounts.
Set up an automatic exchange or rebalance plan
Automatic exchange and rebalance plans can be set up online. Access the client’s account online and select Automatic Transactions.
Log in to Client Accounts.
For answers to common questions, visit UGMA/UTMA exchanges and rebalances.
Move assets
Move UGMA/UTMA assets to the beneficiary
Use these forms when the beneficiary has reached the age of majority. In cases where the beneficiary is signing the transfer form, we also need a photocopy of their birth certificate or a government-issued ID card.
Complete the Transfer/Registration Change Request and the Application for Individual or Joint Accounts.
Move UGMA/UTMA assets into a CollegeAmerica® account
Submit a letter of instruction. A signature guarantee from the UGMA/UTMA custodian is required if the custodian or beneficiary is changing on the CollegeAmerica account. If the receiving account does not already exist, you must first complete an application.
Complete the CollegeAmerica Account Application and the CollegeAmerica Supplemental Account Application.
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Contact us
Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.
For financial professionals only. Not for use with the public.
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Use of this website is intended for U.S. residents only.
The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.
Financial professionals should always contact their back office to determine if there are any restrictions on the use of American Funds products, tools, services, websites and literature.