Series 24: Uniform Transfer To Minors Act (UTMA) Account

Taken from our Series 24 Online Guide

Uniform Transfer to Minors Act (UTMA) Account

If a custodian wants the assets to transfer to the minor at a later date than the age of majority, the custodian can open a Uniform Transfers to Minors Act Account, which allows the custodian to name a transfer age up to age 25. UTMA accounts can also include a greater range of assets than UGMA accounts.

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I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

T. Richmond, Bethesda, MD

Taking the Series 24 class with Karen Solomon this week helped reinforce the data that I learned, and I passed my exam! The material was thorough and the exam simulator was an excellent tool to test your knowledge. Thank you Karen!

Karen Lessard, Concorde Investment Service Frisco, TX

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Thadius Beavers, Prospera Financial. Dallas, TX.

I passed the S24 today with a score of 80. Your study guide is great!!!

A.T.

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Danny Klingler, Kestra Financial, Austin, Texas