Program Mechanics and Partners
Robinhood and BNY are pivotal to the program’s operation. Vlad Tenev, Chairman and CEO of Robinhood, emphasized that “Ownership works best when it starts at birth,” highlighting the goal of building a financial foundation from day one. Robinhood serves as the broker and sole initial trustee, with BNY providing critical support, expanding access to the financial system. Robin Vince, CEO of BNY, noted the program’s potential to introduce millions of children to saving and investing.
Establishing a Trump Account is streamlined. Parents or guardians can file IRS Form 4547, then download the dedicated Trump Accounts app on iPhone or Android to register and activate the account. Contributions, which can come from family, friends, and even employers, are automatically invested in a low-cost index fund for long-term growth.
