This should be a great way to fleece unsuspecting unsophisticated investors trying to provide for their children. For instance, front-loading a bunch of fees against the deposited amount, so that if, say, the child dies, you get to keep most of the money.
Be sure to market it to the poor primarily. The marketing tagline can be something like "The wealthy use trust funds to provide for their children - now you can too!"
Should be highly successful, even though there are zero benefits to trust funds for 99% of the population. Actually it's probably a net minus for most people, due to the way college financial aid is calculated.
I give it an A+ for income potential, C- for utility, F for ethicality.
http://www.moneyville.ca/article/1244729--fees-eat-up-90-per...
Be sure to market it to the poor primarily. The marketing tagline can be something like "The wealthy use trust funds to provide for their children - now you can too!"
Should be highly successful, even though there are zero benefits to trust funds for 99% of the population. Actually it's probably a net minus for most people, due to the way college financial aid is calculated.
I give it an A+ for income potential, C- for utility, F for ethicality.