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How do households invest on behalf of their children? Evidence from a robo-advisor

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  • Alexis Direr

    (LEO - Laboratoire d'Économie d'Orleans [UMR7322] - UO - Université d'Orléans - UT - Université de Tours - NEOLAiA - NEOLAiA European University = Université Européenne NEOLAÏA - CNRS - Centre National de la Recherche Scientifique)

  • Jentry Indigo Jones

    (LEO - Laboratoire d'Économie d'Orleans [2022-...] - UO - Université d'Orléans - UT - Université de Tours - NEOLAiA - NEOLAiA European University = Université Européenne NEOLAÏA - UCA - Université Clermont Auvergne)

Abstract

Despite the practice being commonplace, little is known about how parents invest in financial markets on behalf of their children. Using a large dataset from the leading French robo-advisor, we find that fathers are more likely to open investment accounts for their sons than their daughters for those aged 12 and above. Since fathers predominantly manage children's contracts within the family, this results in a higher number of savings contracts opened for boys. Additionally, although fathers tend to choose riskier investment profiles for their children compared to mothers, no discernible difference in investment strategy is observed between sons and daughters for either parent.

Suggested Citation

  • Alexis Direr & Jentry Indigo Jones, 2025. "How do households invest on behalf of their children? Evidence from a robo-advisor," Post-Print hal-05656215, HAL.
    • Handle: RePEc:hal:journl:hal-05656215
    DOI: 10.2307/48857613
    Note: View the original document on HAL open archive server: https://hal.science/hal-05656215v1
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