Custody and Administrative Services
Comprehensive Custodial Services
Designed to Relieve Administrative Burden
As an independent custodian responsible for safekeeping assets, not only do we custody assets where we act as investment manager, we can also accept custody of assets from multiple investment managers and consolidate reporting for our clients in a timely manner. Our communication with your designated investment partners ensures all custody responsibilities, from securities transactions to income collection and distributions, are handled accurately and on time.
We offer comprehensive custodial services designed to meet your specific requirements. Administrative services such as fund accounting, charitable gift administration, pension payment processing, and marketable securities gift processing, as well as traditional custody services, are additional examples of our capabilities.
The Role of Custodian
In most instances, custodians hold or register securities in their nominee name, thereby making daily trading and settlement very efficient. Our role as custodian encompasses:
Providing a custodial statement that documents a detailed, accurate, and timely record of the activity for the account, e.g., trade settlements, collection of income and dividends, pricing assets, corporate actions, and online services.
Providing final market value, transactions, cash positions, and all other activity on a regular basis to comply with governmental reporting requirements.
Potential Services Offerings
Managing proxy voting, performance reporting, benefits payments, and Master Trust reporting.
Responsibility to Boards and Trustees
Keeping accurate records to provide boards and trustees with independent validation of the activity and valuations.