Custodial Services

We use the custodial services of two large national brokerage companies with holdings of hundreds of billions of dollars in assets for clients of independent investment advisors. Each client has their own set of custody accounts titled in their own name and pays no custodial fees.

Safety of Assets

The custodians each provide additional protection for cash and client securities in client accounts which is supplemental to the protection provided by the Securities Investor Protection Corporation. This protects clients from potential losses resulting from a custodian's potential insolvency or liquidation but does not protect against a decline in the market value of securities.

Back Office Support

Both custodians provide a team of account administrators to handle all administrative issues relating to our firm's accounts, including account setup, asset transfers, cashiering transactions and the like. These administrators are directly responsive to us but are employed and supervised by the custodians. This back office support allows us to focus on investment research and managing your portfolio.

Quality Trade Executions with Lower Commissions

Our custodians both use advanced electronic trading systems with fast executions of trades and potentially better prices. We have negotiated commission rates for trades in our client accounts with both custodians which are among the lowest available in the industry. We have the ability to trade electronically for individual accounts or in blocks. Trades are confirmed electronically to us, and paper confirms are mailed directly to each client.

Easy Access to All Investment Markets

Through the custodians we have access to all major national and regional stock exchanges, a mutual fund marketplace, an internal fixed income crossing network, and the fixed income inventories of many broker/dealers.

Technology to Help Manage Your Money Better

Via state-of-the-art information systems, our custodians provide us instant access to all your account balances and information. By automatically updating our portfolio management system directly from the custodians’ systems, we are able to confirm cash withdrawals and deposits as well as review, price, reconcile, and analyze your account on a daily basis.