12.03.25

Wall Street Wants In on the ‘Trump Accounts’ for Babies

by: Gunjan Banerji; Alexander Saeedy; Hannah Erin Lang

A national initiative to create “Trump Accounts” for every U.S. child is advancing, drawing intense interest from banks, brokerages and asset managers hoping to manage the low-fee investment accounts and gain long-term customers. The government will seed each account with $1,000, supported by a major $6.25 billion donation from Michael and Susan Dell. The program, first proposed by venture capitalist Brad Gerstner, has gained political backing and will launch an online portal in 2026, with portable accounts and potentially zero-fee index funds. Financial firms like Robinhood, JPMorgan and others are positioning themselves to participate.

Read the full article on Wall Street Journal