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As a general comments though using a specific comment to set the context.

How old is you son ? Do you know what the age of majority is in your state for financial matters ?

My experience with custodial Roths is that it was hard to find a place that could do it(this may have changed).

It is less about what investment or where the IRA is set up. At least from my perspective it is about making each year work to the child's advantage by contributing. As the balance grows the funds can be moved to an account that makes sense at the time. Each year contributed to can have large impact later even if the funds were not to grow much at all for the first couple or 3 years. A balance of %6,000 at 21 vs just starting at 21 can make a world of difference.

John B. Corey Jr.
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