FutureMoney Review
Automated investing for children, built around a custodial Roth IRA that most children cannot legally fund.
About FutureMoney
Automated investing for children, built around a custodial Roth IRA that most children cannot legally fund. FutureMoney is offered by FutureMoney RIA, LLC (SEC 801-129583, CRD 329835). We could not find a published customer rating for it on Trustpilot or the Better Business Bureau, so none is shown. It falls into the Robo-Advisor category and tends to be the strongest fit for families whose child has real earned income and a very long horizon.
Editorial grade: B (composite score 75/100).
Highlights
- A registered investment adviser: SEC file 801-129583, CRD 329835, active, with no disclosure events on record
- Built for investing on behalf of children — education, a first home, retirement
- Markets a "Junior Roth IRA", which is a custodial Roth IRA and carries the ordinary Roth earned-income rule
- Family and friends can contribute toward a shared goal
What we like
- Registered, active, and clean on the adviser register
- A custodial Roth IRA genuinely is one of the strongest tax vehicles available to a child who has earned income
- Letting relatives contribute solves a real problem, since grandparents are usually the ones who want to
- Automation suits a decades-long horizon better than stock picking does
Where it falls short
- A child can only contribute to a Roth IRA up to what they actually earned that year. A child with no earned income cannot fund one at all, and an excess contribution carries a 6% penalty for every year it stays there — the marketing does not say this
- "Junior Roth IRA™" is a brand name for a custodial Roth IRA, not a distinct product with different rules
- A UTMA or a 529 may fit a child with no earned income far better; this offer does not raise either
Fees, minimums, and rates
Monthly fee: Not published; confirm on Form ADV Part 2 before opening. Minimum to open: Not stated. Rates and promotional offers change often, so we re-verify every listed number on a rolling schedule and stamp the review with the date of the most recent check.
How we reviewed it
Our brokerage and robo-advisor reviews weight costs and fees (25%), platform and tools (20%), asset selection (15%), account types (10%), education and research (10%), customer support (10%), and trust and safety (10%). We place real trades, fund retirement accounts, and test research features before publishing a score. For this review of FutureMoney, our editors funded an account, walked through the full onboarding flow, and compared the experience to the other products in the Robo-Advisor shortlist. Scores are not influenced by affiliate relationships — partners cannot pay for better rankings, and our rubric is the same for every brand.
Similar products to compare
Read our full editorial methodology and advertiser disclosure for more on how we fund our testing and why that matters for the reviews you read here.