A Fidelity Investments location in New York.
Scott Mlyn | CNBC
Fidelity Investments is lowering the barrier to entry into the stock market for a new cohort: teenagers.
The investing firm is launching the Fidelity Youth Account, an investing and savings account for 13- to 17-year-olds. The no-fee account will allow teenagers to buy and sell stocks, ETFs and Fidelity mutual funds.
The accounts, which Fidelity calls the first of their kind in the industry, are only available to teenagers with a parent who also has a Fidelity account. Fidelity is pitching the venture as an educational opportunity, where parents can monitor their child’s activity.
Younger investors have been entering the stock…