Smart Questions. Strong Starts.
UNest Families,
UNest was founded with the mission of creating a better financial future for families and democratizing access to investment solutions. In 2023, UNest entered a new chapter under veteran-led leadership, committed to trust, community, and putting families first. Our leadership team has known each other since our days at the United States Air Force Academy, and our Head of Compliance is an Army veteran.
We believe American families deserve a simple, easy-to-use, cost-effective platform to help invest in their kids’ future. Everything we do at UNest is designed to help families create that better future, whether it is being the low-cost leader in creating investment accounts, making gifting simple and easy, or allowing trusted brands to invest in a child’s future alongside family and friends.
We also believe financial wellness is a life skill, and it starts early. That is why we are building more tools, education, and guidance to help families teach kids smart money habits over time, from saving and investing basics to long-term decision-making. Our goal is to make investing approachable and to help kids grow up with confidence around money.
Protecting families is just as important as helping them grow wealth. As we expand UNest, we plan to broaden our offering into protection-focused products, including insurance solutions designed to help families safeguard what they are building. We will approach this the same way we approach investing: simple, transparent, and built around what families actually need.
Our Core Values
Families First
Every decision starts with what is best for families and their children, not institutions or insiders.
Low Cost, High Integrity
We’ve built UNest to be a low-cost provider because every dollar saved in fees is a dollar that compounds for a child’s future.
Community-led Growth
Family, friends, and trusted brands investing together create better futures for children.
Serving those who serve
As part of our mission, active-duty military members with active accounts receive an additional $20 deposited into their children’s accounts annually. As we grow, we hope to increase this amount and continue to serve those who serve all of us.
Thank you for putting your trust in UNest.
Garrett Gilbertson
Executive Chairman
Frequently Asked Questions
Why should I open a UNest account?
UNest makes it easy for parents to invest in their children’s future with a simple, flexible, and tax-advantaged custodial account for minors.
What can I use the funds I save in UNest for?
UNest is more flexible than other saving accounts that can only be used for education. Funds saved can be used across any of your child’s life events like college, their first car, down payment on the house, wedding day or any other important milestones.
What are the tax benefits of a UNest account for my child?
In 2026, up to $2,700 in annual earnings in a UNest Investment Account for Kids may grow in a tax-advantaged way. The first $1,350 of the earnings may be completely tax-free. The next $1,350 is taxed at the child’s tax rate. Anything exceeding $2,700 is generally taxed at the parents’ tax rate. This threshold applies only to gains in the account and not to the original contributions.
These thresholds are based on the IRS guidelines for the “kiddie tax,” which apply to unearned income for children under certain age limits. It’s important to note that these amounts are subject to change, and consulting a tax professional is recommended.
Where is my money held?
Brokerage accounts are offered through UNest Securities, LLC, an SEC-registered broker-dealer and member FINRA/SIPC, and are held and cleared by Apex Clearing Corporation, a third-party SEC-registered broker-dealer and member FINRA/SIPC. SIPC protects securities and cash held in an account up to applicable limits if a SIPC-member brokerage firm fails. SIPC does not protect against market losses.
When can my child access the money?
Children can access funds in their UNest account when they reach the age of majority. Depending on the state, this may be anywhere from 18 to 25. This age is selected when the account is opened and cannot be changed afterward.
Is my account insured?
Investment accounts are held at Apex Clearing Corporation, a member of the Securities Investor Protection Corporation (SIPC). SIPC protects securities and cash in your account up to applicable limits if the brokerage firm fails. SIPC does not protect against market losses.
Why invest in a UNest custodial account instead of a 529 plan?
Both 529 plans and UNest custodial accounts provide a great tax-advantaged way for parents to help save for a child’s future. UNest offers greater flexibility—you can use the funds for any expense that benefits the child, not just education. If 529 funds are used for non-education expenses, you lose tax advantages and earnings are subject to a 10% penalty.
Is my money safe?
Security is a priority for UNest. All accounts are protected with 256-bit SSL encryption and continually monitored for suspicious activity. Investment accounts are held with Apex Clearing Corporation, a member of FINRA and SIPC. SIPC protects securities and cash in your account up to applicable limits if the brokerage firm fails. It does not protect against market losses.
Is UNest an investment advisor?
Yes, UNest Advisers, LLC is a registered investment adviser (RIA) with the U.S. Securities and Exchange Commission (SEC).
What is UTMA/UGMA?
They are investment accounts with a custodian for the minor. The Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) allows a custodian to open an account for a beneficiary. UNest Investment Account for Kids leverages the benefits of UTMAs.
Which is better, UGMA or UTMA?
The biggest difference is that UTMAs allow for more types of assets including real estate, art, patents, and cars, while UGMAs are typically limited to stocks, bonds, and mutual funds.
How will the funds be made available to the child?
When your child reaches the age of majority (which is set when the account is opened and can be anywhere from 18 to 25 depending on your state), UNest returns the funds in the account so they can be used for the child’s benefit.
What happens if the custodian dies?
A new custodian must be named. The custodian may designate a successor by contacting UNest customer support. If the minor passes before reaching majority, the account becomes part of their estate.
What do I need to open a UNest Investment Account for Kids?
To open a UNest account you need the following for both you and the child: legal name, date of birth, Social Security Number or ITIN, address of residency, and U.S. citizenship or legal residency information.
You also need to connect a U.S.-based, verified, personal bank account in the name of the custodian.
Why do I need to provide my social security number?
Financial institutions use your SSN to verify identities and report investment income or losses to the IRS. This information is securely encrypted with restricted access.
Can I open the account if I (or the child) is not a US citizen?
If either you or the child are not U.S. Citizens, you both need: a residential U.S. address, a Social Security Number or ITIN, and be a Permanent Resident Card holder (Green Card).
How much does it cost to open a UNest account?
UNest charges $2.00 per month per child account plus a 0.25% annual management fee on the account balance. For each new account, the first $300 invested is fee-free for 12 months. See our pricing page for details. If you opened your account before November 20, 2025, you are on a legacy plan with different pricing. Please reach out to customer support with any questions about your plan.
Who can I open an account for?
You can open an account for any child (minor) under the age of 18. The child does not have to be related to you. You can also add an expecting child using their due date.
Can I open an account for each of my children?
Yes! And you can manage multiple accounts easily through UNest’s iOS app, Android app, or on the web.
Can I open an account for a future child?
Yes. You can add an expecting child using their due date and start investing right away. Until your child has a Social Security number, the account is held in your name as an individual account. Once you add your child’s SSN in the app, we transfer the account into their name as a UTMA. Deposits, recurring contributions, and gifts all work the same way in the meantime.
Can I open more than one account per child?
You can only open one account per child, but other people can also open accounts on behalf of the child and act as custodian.
What is the minimum amount I can contribute each month?
The minimum contribution is $25 per month.
Am I required to set up a monthly contribution when I sign up?
UNest recommends starting with disciplined and consistent monthly contributions. We start you off for as little as $25 per month. You may increase or temporarily pause contributions at any time.
What is the maximum annual contribution?
In 2026, you can contribute up to $19,000 per individual (or $38,000 for a married couple) annually without incurring federal gift tax. The lifetime estate and gift tax exemption is $15 million per individual in 2026. Consult a tax professional for personalized information.
Can I add money to my account at any time?
Yes, in addition to recurring contributions, you can make one-time deposits at any time.
How will the contribution be made?
After opening an account, you’ll securely connect a verified bank account. Funds transfer via ACH for one-time deposits or monthly contributions.
How do I connect my bank account to UNest?
You can securely connect your bank account via instant verification with our partner, Plaid.
What are additional ways to receive funds?
Friends and family can contribute directly through your child’s gift link. UNest Rewards also lets you earn investments by shopping with partner brands. And you can refer friends: you’ll receive $20 once a friend signs up with your link, sets up monthly recurring deposits for their child, and completes 3 consecutive monthly deposits.
Can I pause contributions at any time?
Yes, you may temporarily pause recurring monthly contributions via the UNest app.
Are gifts from family and friends tax-deductible?
No, these are considered cash gifts set aside for investment into the UNest account.
Can I change the bank I use to make contributions?
Yes, update your funding source anytime in the UNest app: Home screen → “My Profile” → “Bank Details” → “Change Accounts”.
Can I roll over a 529 into my UNest account?
Due to 529 legal requirements, you cannot rollover 529 funds automatically. However, you can open a UNest account with greater flexibility. There are no restrictions on having multiple investment accounts for the same child.
How is my money invested?
UNest offers various investment strategies, from very conservative to very aggressive. Our portfolios include age-based options and socially responsible options that become more conservative as the child gets older. All portfolios invest in low-cost ETFs.
To see your current portfolio: Open the app → Tap child’s account → Tap “Portfolio”.
What investment options are available?
UNest currently offers eight portfolios: a conservative option (fixed income and bond ETFs), three age-based options (conservative, moderate, aggressive), three socially responsible age-based options (conservative, moderate, aggressive), and an aggressive option (100% equity ETFs).
Can I create a custom investment portfolio?
Unfortunately, this is not a feature UNest supports.
Can I change my portfolio selection?
Yes, you can change portfolios at any time. Note there may be tax implications as we’ll need to sell investments to invest in the new portfolio.
What are the tax benefits?
You can contribute up to $19,000 per individual ($38,000 for married couples) annually in 2026 without federal gift tax. The first $1,350 of annual earnings is tax-free, the next $1,350 is taxed at the child’s rate, and earnings above $2,700 are generally taxed at the parents’ rate.
Are my own contributions tax-deductible?
No, contributions are made with after-tax dollars, so there is no income tax deduction.
Are the earnings taxed?
In 2026, up to $2,700 in annual earnings may grow tax-advantaged. The first $1,350 is tax-free, the next $1,350 at the child’s rate, and anything above generally at the parents’ rate. This applies only to gains, not contributions.
How can I claim my tax benefits?
UNest will provide you with a 1099 form. You can claim your child’s income on IRS Form 8814 attached to Form 1040. UNest does not give tax advice—please consult a tax professional.
Will I be penalized when I withdraw money?
There are no penalties or fees for withdrawing money. If your account was opened on or after November 20, 2025 and you close it before your child reaches the age of majority, an account termination fee of up to $25 is deducted from the remaining balance at closure. There is no fee when the account closes because your child has reached that age, and accounts opened before November 20, 2025 never have this fee. Under UTMA rules, any money withdrawn must be used for the benefit of the child named on the account.
What is Gifting?
UNest's gifting feature allows friends and family to contribute directly to your child's investment account — no UNest account required on their end. Parents simply create a personalized gift page and share a unique link with loved ones. Contributors complete their payment securely through PayPal, and the funds are automatically transferred into the child's UNest investment account. Gift contributions are batched and processed daily, with funds typically arriving within a few business days via ACH transfer.
What is “UNest Rewards”?
UNest Rewards lets you earn cash into your child’s account by purchasing products and services with our partners via the UNest app.
What information do you share with partners?
We share the bare minimum to confirm reward eligibility. We pass an alphanumeric code when you click an offer—no email, phone number, or personal information is shared.
How long will it take to receive my reward?
It may take up to 60 days for rewards to reach your account. You must have a funded UNest account to be eligible.
How does the Refer Friends program work?
You earn $20 for every friend who invests. Share your referral link from the Refer Friends screen in the app. When your friend signs up using your link and sets up monthly recurring deposits for their child, you’ll receive $20 once they complete 3 consecutive monthly deposits. The $20 is added directly to your UNest account.
By using the referral feature, you agree to the Promo Terms.
Is there a benefit for active-duty military families?
Active-duty military members with an active UNest account in good standing receive a $20 deposit each year (one $20 credit per UNest account per year) and a waiver of the $2 monthly platform fee. To qualify, a valid, unexpired military ID in the account holder’s name is required. UNest may request additional documentation and may deny the credit if eligibility cannot be confirmed. The 0.25% annual management fee still applies, as does the account termination fee (up to $25) for accounts opened on or after November 20, 2025 that are closed before the child reaches the age of majority.
How much does it cost to invest with UNest?
UNest charges $2.00 per month per child account plus a 0.25% annual management fee on the account balance. For each new account, the first $300 invested is fee-free for 12 months. See our pricing page for details. If you opened your account before November 20, 2025, you are on a legacy plan with different pricing. Please reach out to customer support with any questions about your plan.
What is the fee if I have multiple children?
UNest’s pricing is per child: $2.00 per month plus a 0.25% annual management fee on each child’s account balance. Each child you add is billed separately at the same rate. For each new account, the first $300 invested is fee-free for 12 months. See our pricing page for details. If you opened your account before November 20, 2025, you are on a legacy plan with different pricing. Please reach out to customer support with any questions about your plan.
Can I use an online bank to make contributions?
Yes. We use secure online instant verification with Plaid. Over 2,000 financial institutions are supported.
What if I experience a problem connecting my bank?
First, login to your bank’s online site to check your credentials. Multiple invalid attempts can lock your account or trigger a cool-down period. If credentials are correct and errors persist, your bank may be experiencing downtime. Contact support in your UNest app for help.
How do I close my account?
1. Open the UNest app (or log in on the web)
2. Tap on the child’s account you want to close
3. Tap the “gear” icon and choose “Withdraw Funds”
4. Select “Close Account”
Funds will be returned to your connected bank within 10–15 business days. Some exceptions may take longer. For accounts opened on or after November 20, 2025, an account termination fee of up to $25 is deducted from the remaining balance if the account is closed before your child reaches the age of majority.
Is there any holding period to withdraw?
In some cases there may be a holding period for newly created accounts, recent deposits or gifts, or if you’ve recently changed your connected bank account.
Can I withdraw whenever I want? Are there penalties?
Yes, you can withdraw at any time with no penalties or fees. If your account was opened on or after November 20, 2025 and you close it entirely before your child reaches the age of majority, an account termination fee of up to $25 is deducted from the remaining balance. Remember, funds must be used to benefit the child named on the account. Consult your tax professional for requirements.
Crypto trading is no longer available via UNest as of November 4, 2024.