What Do Custodian Users Understand? Understanding Custodians
A custodian protects customers’ assets. Custodians are banks or financial companies. They keep assets safe in electronic or physical form. Custodians charge fees to customers. Fees can be based on assets under management or transactions. Custodians record details on every account. If a custodian goes bankrupt, customers’ assets are protected. Those assets stay separate from … Read more