A Primer on the Role of Custodians

Microphone in focus against blurred chairs and standing talking audience

A custodian is a specialized financial institution (typically, a regulated entity with granted authority like a bank) that holds customers’ securities for safekeeping in order to minimize the risk of their misappropriation, misuse, theft, and/or loss. A custodian has three primary responsibilities: Safekeeping of Assets: maintaining proper indicia of ownership, valuation, accounting, and reporting of assets […]