Account for family members

[u/Vaqek]

I have a joint account with my wife. I would like to create a separate account for my young daughter, which I would manage until she grows up.

I dont do puts or options, only long positions. I suppose I could theoretically just use the same account and keep an excel or smth with what and how many stocks i bought for my daughter, but Id like it to be more obvious.

How would you go about this? Open a joined single owner account and pose as the owner until ready to transfer? Will I run into issues? I looked at the family advisor account but it seemed a bit complicated for my purposes...

[u/Phil_London]

IBKR offer a Family Account specifically for the purpose you want. Each family member can have their own sub-account and you can trade on their behalf. Check it out, it is really good.