Search results
Results from the WOW.Com Content Network
A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It provides post-trade services and solutions for asset owners (e.g. sovereign wealth funds , central banks , insurance companies ), asset managers , banks and broker-dealers .
The custodian is often the minor's parent. In the U.S., this type of account is often structured as a Coverdell ESA, allowing for tax-advantaged treatment of educational expenses. Another form is a trust account owned by an individual or institution, managed by a named party for purposes of rapid distribution of funds in that account. This is ...
Registered financial advisors use custodians to house and protect their clients’ assets. Often, financial advisors offer multiple custodian options to their clients. This allows them to expand ...
A custodian is integral to your advisory firm's operations as you'll need a secure place to hold client assets. Working with a quality provider can also help to improve efficiency, which can be ...
Custodian of the Holy Land (i.e., Custos), an appointed ecclesiastical office in the Franciscan Order; Custodian of the Two Holy Mosques, the official title of the head of Saudi Arabia, where the two holiest mosques of Islam are located; Hashemite custodianship of Jerusalem holy sites, a role claimed by Jordan in administering Jerusalem's holy ...
Finally, an institution—either the original broker or a firm like State Street or BNY Mellon—serves as the custodian, meaning it holds the actual securities on behalf of the investors.
A securities account, sometimes known as a brokerage account, is an account which holds financial assets such as securities on behalf of an investor with a bank, broker or custodian. Investors and traders typically have a securities account with the broker or bank they use to buy and sell securities. [1]
This is a list of abbreviations used in a business or financial context. ... For example, $225K would be understood to mean $225,000, and $3.6K would be understood to ...