Wall Street Wants In on the ‘Trump Accounts’ for Babies

It took four years—and one important poker game—but a plan to set up investment accounts for young Americans is moving forward. And Wall Street senses an opportunity.

All manner of financial institutions are vying for a role in the program, from banks such as JPMorgan Chase to brokerages such as Charles Schwab and Robinhood Markets to money managers including BlackRock.