<prompt> Human: What are some general tips, recommendations, or resources for building an investment account for a newborn child? I intend to set up a 529 account but would also like to establish a separate investment account using gifted funds to my child shortly after my childs birth. Im looking for recommendations that would limit my and my childs personal tax liability to the fullest extent possible. Thank you for the insight.  <response>: UTMAs will probably be the most straightforward vehicle that youre looking for. 