What Is a Custodian?
A custodian is a financial institution that has legal responsibility for a customer’s securities. Custodianship includes management as well as safekeeping, and this service may incur additional fees. Our firm, like all investment managers, is required to maintain a custodian.
Investments entrusted to our firm are placed in custody with Fidelity Investments. Fidelity’s clearing firm, National Financial Services LLC (NFS), is one of the largest clearing providers in the industry. A clearing firm works with financial exchanges to handle the confirmation, delivery, and settlement of transactions.
Tips for Selecting a Custodian
When selecting an investment advisor, consider who your advisor uses to custody your investments. This can be a critical factor in determining the level of service and support you can expect.
As an independent firm, we do not require our clients to use any specific custodian. We can manage portfolios held with almost any bank or brokerage firm worldwide, when practicable.
Colbert Investment Management is independently operated and owned, and is not affiliated with Fidelity Investments.