My goddaughter is turning 1, and I am thinking of gifting her an investment account…nothing big (like a few hundred francs), but something I can contribute to on each birthday so when she turns 18 she will have a nice nest egg
I’ve done some research andthe only genuine “gift investment account” options are from UBS and CS, which have crappy and expensive funds.
As a result, I’ve come to the interim conclusion that it would probably make sense to just open an account in my own name and give her a gift when she turns 18 (either in cash or in assets, whatever will be more tax-efficient at the time).
My questions are:
Does this make sense?
What would be the best platform to set up such a small and “static” account, considering that I’d rather have a separate one from the one I currently use (IB)? I looked into VIAC, which looks quite straightforward and with relatively fair fees, but is it only for Pillar 3a? Do I have other “simple” options?
Thank you all for your help,