Frequently Asked Questions
1. What is NestiFi?NestiFi is a family-focused savings and investment platform designed to help parents, relatives, and friends contribute to a child’s financial future. We combine easy-to-use investment tools with engaging financial education, so kids can learn smart money habits from an early age.
2. How does NestiFi work?
Custodial Account Setup: A parent or guardian opens a custodial account in the child’s name, managing it until the child reaches the age of majority (varies by state).
Invite Family & Friends: Loved ones can send “gifts” directly to the child’s NestiFi account.
Invest or Save: Contributions can be automatically invested in diversified portfolios (or individual stocks/ETFs, depending on your plan) to help grow over time.
Financial Education: Our in-app lessons and quizzes teach children important financial skills—like budgeting, saving, and investing.
3. How is my money kept safe?
Regulated Brokerage Partner: We partner with a registered broker-dealer that is an SIPC (Securities Investor Protection Corporation) member. This means that eligible investments in
your child’s account are protected up to certain limits in the event the broker fails financially (not against market losses).
FDIC-Insured Sweep (If Applicable): For uninvested cash, our brokerage partner may utilize FDIC-insured bank sweep programs. Check our latest terms to see if this applies to your account.
Secure Technology: We employ bank-level encryption and strict security protocols to protect your personal information and transaction data.
Compliance: All users pass through standard KYC (Know Your Customer) and AML (Anti-Money Laundering) checks to help protect against fraudulent activity.
4. Who is the custodian for my child’s account?For minors, the adult (usually a parent or legal guardian) who sets up the NestiFi custodial account becomes the “custodian.” This person manages the account on behalf of the child until the child reaches the age of majority. Our registered broker-dealer partner acts as the custodian for the assets, providing clearing and execution services. NestiFi’s role is to provide the user-facing interface, educational content, and facilitation of deposits.
5. What does SIPC insurance cover?SIPC (Securities Investor Protection Corporation) coverage protects against the loss of cash and securities held by a broker in case the broker goes out of business. Coverage is up to $500,000 per account, including up to $250,000 for cash. However, it does
not protect against normal market fluctuations or investment losses. For more information, visit
sipc.org.
6. Are my contributions and investments guaranteed?No. All investments carry some degree of risk, including the potential loss of principal. SIPC protection does
not guarantee investment returns; it only safeguards assets if the broker-dealer fails financially. We encourage you to review your risk tolerance and consult with a financial professional if you have questions about your personal situation.
7. How do I add money or gift funds?
Link Your Bank Account: Use our secure bank linking feature to transfer funds.
Gift Links: Share a unique gift link with family and friends so they can easily contribute without creating their own separate account.
Recurring Contributions: Set up automated deposits for consistent investing.
8. Can multiple people contribute to the same child’s account?Absolutely. That’s part of what makes NestiFi unique. Parents, grandparents, relatives, and friends can all pitch in to grow the child’s nest egg. Each contribution gets deposited into the same custodial account managed by the custodian.
9. How do I withdraw funds?
Custodian Initiates: Because this is a custodial account, only the custodian (parent/guardian) can request withdrawals.
Processing Times: Once you submit a withdrawal request, funds typically arrive in your linked bank account within 2–5 business days (exact timing depends on your bank and the brokerage partner’s processing).
Use of Funds: Withdrawals must be made in the best interest of the child, though the specific rules may vary by state law (for UTMA/UGMA accounts).
10. What fees does NestiFi charge?
Platform Fee: We charge a monthly or annual subscription (or a small management fee) that covers the cost of our educational tools, account maintenance, and platform features.
Brokerage Fees: Our brokerage partner may charge certain fees (e.g., for wire transfers, paper statements, or other specialized services).
No Hidden Fees: We’re committed to transparent pricing, so please check our [Pricing Page/Terms of Service] for the most up-to-date fee schedule.
11. Does NestiFi offer investment advice?NestiFi provides general educational content, goal-setting tools, and curated portfolios. We do
not provide individualized investment advice unless otherwise stated or we’ve formally registered as an Investment Advisor. Our platform is designed to help families make more informed financial decisions, but we always recommend consulting a financial professional for personalized advice.
12. Do you offer crypto investing?Currently, NestiFi focuses on traditional investments (stocks, ETFs, and cash). However, we’re exploring safe and compliant ways to offer additional asset classes in the future. Any updates on crypto or other assets will be announced on our website and in the app.
13. Is my personal and financial information secure?Yes. We use industry-standard encryption, secure servers, and multi-factor authentication (2FA) to protect your data. Our compliance program also adheres to relevant data privacy laws. For more details, view our
Privacy Policy.
14. When can my child take control of their account?Typically, under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA), the child gains full control of the account once they reach the age of majority (18 or 21, depending on state rules). Before that time, the custodian manages the account.
15. Where can I learn more or get support?
Help Center: Browse articles and troubleshooting tips.
Customer Support: Email us at
support@nestifi.com or use our in-app chat.
Community: Join our social media channels to connect with other NestiFi families.
Important Disclaimer
NestiFi is not a bank, and it is not a registered broker-dealer. Brokerage services are provided by our third-party partner, who is a registered broker-dealer and member of SIPC/FINRA. Investments are subject to risk, and past performance is not indicative of future results. This FAQ is for informational purposes only and does not constitute legal or financial advice.
