In finance, what is a custodian?Question:In finance, what is a custodian?Financial institutionsMost people make the mistake of assuming that financial institutions provide services that are limited to lending and deposits. Most financial entities have a variety of services to address the general publ...
A financial custodian is a company that has physical possession of your financial assets. It's often a brokerage, commercial bank, or other type of institution that holds your money and investments for convenience and security. Key Takeaways In financial services, a custodian is a company that ...
An IRA custodian is usually a financial institution, such as a bank or a brokerage, entrusted with the responsibility of safeguarding the assets of a client's Individual Retirement Account (IRA). According to the rules set by the Internal Revenue Service (IRS), an IRA custodian must be an ...
likegold coins and bars. Investing in physical gold has its own set of unique benefits for investors, but the one big drawback is that physical gold requires storage. That's where a gold custodian comes in. But what exactly is a gold custodian and do you need one to invest in physical...
Although anyone may contribute to a custodial account, control of the account is managed by the custodian. Once the minor beneficiary reaches the age of majority (as determined by the state), the custodian can transfer the funds in the account over the funds to the minor. ...
Data Management Storage Margaret Rouse Technology expert Margaret is an award-winning writer and educator known for her ability to explain complex technical topics to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of ...
百度试题 结果1 题目What is the meaning of the underlined word "custodian" in paragraph 1? A. a teacher B. a guard C. a cleaner D. a helper 相关知识点: 试题来源: 解析 C 反馈 收藏
A custodial brokerage account is an investment account opened on behalf of a minor and managed by an adult (aka the custodian). These accounts can hold the same types of investments you'd find in a regular brokerage account, but they allow the adult who opened the account to invest money ...
While all withdrawn funds are restricted to being used "for the benefit of the minor," this requirement is vague and isn't limited to educational costs, as withcollege savings plans. The custodian may use the funds for everything from providing a place to live to paying for clothing as lon...
What Is a Custodian Bank? A custodian bank is a financial institution that holds customers' securities for safekeeping to prevent them from being stolen or lost. The custodian may hold stocks, bonds, or other assets in electronic or physical form on behalf of its customers. Often, a custodian...