perform very similar roles for different clientele. Mutual fund custodians are responsible for securing and managing the securities held within a mutual fund. Technically speaking, mutual fund custodians fall under the umbrella of custodian banks; however, it is more common to refer to...
Mutual fund custodians are third-party institutions that protect the securities in which mutual funds invest. A mutual fund custodianis often a custodian bank, but mutual fund custodians are focused on mutual fund company assets. The separation between mutual fund and mutual fund custodian is importa...
In simple terms, mutual funds are financial intermediaries created to manage the money acquired from various investors skillfully. It is established as a trust, with a Sponsor, Trustees, Asset Management Company (AMC), and Custodian. The trust is created by one or more sponsors who are ...
Is it legal if the custodian removes money from a custodial mutual fund account for the purpose of paying off doctor bills and other various expenses "for the benefit of the minor" even though they do not directly benefit the minor?
which may be held by X.X. Xxxxxx or a Subcustodian or aSecurities Depositoryfor X.X. Xxxxxx on behalf of the Customer, including as anEntitlement Holder; and (ii) one or moredeposit accountsin the name of the Customer (or in another name requested by the Customer that is acceptable ...
What is an open-ended mutual fund? What is a trust sale? What is an investor? What is a revocable trust? What are idle funds? In finance, what is a custodian? What is crowdfunding? What is a risk of equity financing? What is an ETF?
What is taxable interest? In finance, what is a custodian? What is a mutual fund? What is an example of an account classification? What are the liabilities of a trustee in a trusteeship? (a) What is a control account? (b) What purpose does it serve? What is a certificate of deposit...
Allow a week for the check to transit from the 403b custodian to the insurer. Your first check will be paid to you a month later (if all goes smoothly). Hersh Mary 2016-01-20 07:48:31 I retire in four months when my 403b funds will be available to me. What is the time ...
(CDSL) became the second such institution three years later. Together the two agencies are the custodian of all the electronic securities held by investors. They offer the Demat account opening service through various depository participants, like Angel One. Both agencies and their partner brokers ...
In general, the account custodian or custodians contribute to the account and determine how the money is invested or managed. Typically, custodians are parents, but they could be a guardian, relative or other adult. Some accounts, such asCoverdell education savings accounts(ESAs) are designed for...