Making a Gift to a Minor

The Uniform Gifts to Minors Act/Uniform Transfer to Minors Act (UGMA/UTMA) lets you set up and manage an account for the benefit of a minor. Assets placed in such an account are irrevocable and become the property of the child once he or she reaches the age of majority. Learn more about UGMA/UTMA.

Let's Get Started

Opening UGMA/UTMA accounts requires a minimum investment of $100. Additions to your account require subsequent minimum investments of $25.

Please read the prospectus carefully before opening an account.

Open an account online by electronic transfer

You may fund a new account by electronic transfer by opening your account online.
Call your bank or credit union and confirm that it is a member of the Automated Clearing House (ACH) system.

Open an account by mail

Complete and sign an application. If you are opening multiple accounts, please complete a different application for each account.
Please select one of the following account types to download the appropriate application forms:
- Regular Mutual Fund Accounts
  To be used when opening a new AARP Funds mutual fund account.
- Individual Retirement Accounts (IRA)
  To be used when opening a new IRA or Roth IRA account.
- Coverdell Education Savings Accounts
  To be used when opening a new Coverdell Education Savings Account.
- UGMA/UTMA (PDF 361k)
  To be used when opening a new UGMA/UTMA account.
- Enclose a check made out to AARP Funds for your initial investment. If you are opening multiple accounts, please enclose a separate check for each new account with a note indicating the name the account is registered to.
- Send by regular mail to:
  
  AARP Funds
  P.O. Box 8035
  Boston, MA 02266-8035
  
  or
  
  Overnight delivery:
  AARP Funds
  c/o BFDS
  30 Dan Road
  Canton, MA 02021

Please note:

We accept only electronic transfers and checks in U.S. dollars, drawn on U.S. banks when opening new accounts. We do not accept starter checks, cash, cash equivalents, cashier's checks, travelers checks, money orders, credit cards, debit cards, or third party checks (except for IRA rollover checks). If you buy shares by check or electronic transfer, we will delay the payment of redemption proceeds for up to 15 days or until we verify that your check has cleared, whichever comes first.

The mutual funds described in this site are sold only to U.S. residents.

An Investment in the Funds involves risk, including possible loss of principal. Please consider the investment objectives, risks, charges and expenses of the AARP Funds carefully before investing. The prospectus contains this and other important information about the Funds. To get a prospectus containing this and other information, click here (PDF) or call 1-866-218-6142. Read it carefully before you invest.

While AARP has licensed the use of its name to AARP Funds and endorses the services provided by AARP Financial Inc., AARP does not offer financial products or services itself and cannot recommend that you or any specific individual should purchase any particular product or service. AARP Financial Inc. is an investment adviser and a subsidiary of AARP.

The Financial Advisors are registered representatives of ALPS Distributors, Inc., a registered broker-dealer, and as investment adviser representatives of AARP Financial Inc., an investment adviser. AARP Financial Inc. offers investment advisory services and is not affiliated with ALPS Distributors, Inc.

AARP Funds are distributed by ALPS Distributors, Inc.