What is a Custodian?


What is a Custodian?


A custodian is a financial institution that holds customers’ securities for safekeeping so as to minimize the risk of their theft or loss.


A custodian can hold securities and other assets in electronic or physical form. Since they are responsible for the safety of assets and securities that may be worth hundreds of millions or even billions of dollars, custodians generally tend to be large and reputable firms. A custodian is sometimes referred to as a “custodian bank.”


Most custodians also offer other services, such as account administration, transaction settlements, collection of dividends and interest payments, tax support, and foreign exchange.


Why and who do we use as a custodian?



Like most RIAs, we chose independence because we enjoy serving clients and growing our business. Our custodian, Charles Schwab, provides the back-office support we need to keep our time focused on what really matters – our clients.


We have had a close, long-term relationship with Charles Schwab as our custodian that includes strategic discussions about our business and operational best practices. Charles Schwab has more than 30 years of serving independent advisors like us, expertise that helps us improve our service to our clients through access to proven technology platforms, products, services and best practices.


Do you have questions about why we use a Custodian? We’d be happy to discuss more with you. Please call our office at (706) 364-4281 and ask to speak with one of our experienced advisors.