The recently launched Trump Accounts from President Donald Trump could drive almost $20 billion worth of inflows into U.S. equities, according to Wells Fargo. Equity analyst Ohsung Kwon said just over $19.5 billion should come in from the accounts in the second half of this year. The inflows will be concentrated in the third quarter, he said. Kwon said the money would offer price-sensitive inflows for large-cap stocks, including technology names. The Treasury Department last week announced a menu of broad-market exchange traded funds people can choose to invest their Trump Account contributions. The Wells Fargo analyst said inflows from the accounts alone wouldn’t be a “structural driver” for stocks. The $20 billion equates to around 3% of estimated annual inflows into 401(k) retirement accounts. However, Kwon said that figure is more impactful given it will come mainly during one quarter. The analyst also noted that the money from Trump Accounts would be going into U.S. equities, rather than being dispersed across various assets through a 401(k). Kwon estimated that nearly a third of the total sum would come from the commitments of donors tied to the accounts. Business moguls including the Dell family, Ray Dalio and Brad Gerstner announced funding to support the program. Trump Accounts, which are also known as 530A accounts, officially went live over the holiday weekend. These accounts, which grow on a tax-deferred basis like individual retirement accounts, include a $1,000 pilot program contribution from the U.S. Treasury Department for babies born from 2025 through the end of 2028. Trump rang the stock market opening bell on Monday in a first-of-its-kind event from the White House. He gave a shout-out to Dell products, sending the technology stock’s shares jumping
Trump Accounts boost? Here’s how much money will flow into stock market from the new program
Jul 6, 2026
