All Collections
Account Opening
Can a RESP account be set-up with joint ownership?
Can a RESP account be set-up with joint ownership?
Updated over a week ago

Yes, both Individual and Family RESPs can be established with joint ownership.

When opening a RESP account, the ModernAdvisor platform will need a primary account owner. When the primary account owner completes the onboarding process, they will have the opportunity to select their spouse as the “joint subscriber”.

If selected, the spouse will receive an email to complete their portion of the online onboarding.

Both account joint account holders will also be required to sign the account opening documentation, which they will receive via Adobe Sign.

Did this answer your question?