What is getearlybird.io?
EarlyBird is a family-focused investing platform that enables parents to set up custodial investment accounts for their children. With as little as $5 per month, users can start investing in expertly-crafted portfolios designed to grow a child's financial future. The app goes beyond traditional investing by allowing parents to create a digital time capsule, adding photos, videos, and messages to celebrate milestones and preserve memories.
Family and friends can follow along and contribute to the child's account, making it a collaborative effort to build a legacy. EarlyBird uses UGMA accounts, which are tax-advantaged and managed by a parent until the child reaches adulthood. Funds can be used for any purpose, including education, a home down payment, or starting a business. The platform is designed to be simple, secure, and accessible, with features like automated investing, unlimited contributions, and SIPC protection up to $500,000.
Features
- Custodial Investment Accounts: Open a UGMA account for your child with expert-crafted portfolios.
- Digital Time Capsule: Add photos, videos, and messages to your child's life story.
- Family Contributions: Invite loved ones to follow along and contribute to the child's account.
- Automated Investing: Set up recurring investments with as little as $5 per month.
- Tax Advantages: Earnings may be partially tax-free or taxed at the child's lower rate.
Use Cases
- Saving for a child's education
- Building a nest egg for a child's future
- Creating a digital memory book for milestones
- Enabling grandparents to contribute to grandchildren's savings
- Teaching children about investing over time
FAQs
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What is an UGMA account?
An UGMA (Uniform Gifts to Minors Act) account is a custodial investment account that allows adults to transfer assets to a minor. The account is managed by a custodian (typically a parent) until the child reaches the age of majority (18 or 21, depending on the state). -
How much does EarlyBird cost?
EarlyBird offers a free Basic plan and a Premium plan for $2.95/month for a single child or $4.95/month for two or more children. The Premium plan includes expert-crafted portfolios, automated investing, and unlimited contributions. -
Can family and friends contribute to my child's account?
Yes, you can invite unlimited family and friends to follow along and contribute to the child's account. Contributions are processed via a secure link. -
Is EarlyBird safe and regulated?
EarlyBird Central Inc. is an SEC-registered Investment Advisor. Brokerage services are provided by Apex Clearing Corporation, an SEC-registered broker-dealer and member FINRA/SIPC. Accounts are protected up to $500,000 through SIPC.
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