Do I need to be the parent to invest?

You don't need to have kids to invest for kids with Loved.

Loved is a great way to show that you care about a child's future, whether your own kids or of others. You'll just need their name, date of birth and social security number to create their account. The account will be held in your control until they reach adulthood. 

If you don't hold their social security card, you can send them cash or investments that can be claimed for the kids by their parent or guardian into a new or existing Loved account.