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The Short Answer

Opening a Coverdell May Require Shopping Around

Vanguard and Fidelity are among fund shops that don't offer the accounts to those beginning to save for educational expenses.

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Note: This article is part of Morningstar's October 2013 College-Savings Boot Camp special report. This article originally appeared May 21. 

Question: I'd like to open a Coverdell account for my child, but my fund company doesn't offer them. How do I go about getting one?

Adam Zoll does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.