South Carolina Business Review

Should you open a Trump Account for your kids?

By Mike Switzer

Published April 21, 2026 at 6:30 AM EDT

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Thomas Manly, certified financial planner with Hobbs Group Advisors in Columbia, SC

Last year’s tax law included a new savings account for newborn children called a Trump Account. Our next guest says that, as a result, many parents are asking him if they should open one of these for their children. Mike Switzer interviews Thomas Manly, a certified financial planner with Hobbs Group Advisors in Columbia, SC. trumpaccounts.gov

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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