Custodial fees

Custodial fees

Fees charged by an institution that holds securities in safekeeping for an investor.

Custodial Fee

A fee a brokerage or other financial institution charges for safekeeping services. Safekeeping or custody is a service in which the brokerage or financial institution holds securities on behalf of the client, which reduces the risk of the client losing his/her assets or having them stolen. They are also available to the brokerage to sell at the client's demand. Like a bank, custody provides an investor a place to store assets with little risk. Unlike a bank, custodians are not allowed to use the items in safekeeping for their own ends. Assets in custody are not fungible for the brokerage because they remain in the client's name.
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Annual custodial fees start as low as $25, and account setup is up to three times faster than other custodial providers.
If you take five per cent of market cap and custodial fees thereon of 10-12 basis points, that's a lot at stake," said the source.
Miscellaneous expenses you may be able to accelerate and pay now include unreimbursed employee business expenses (travel, meals, entertainment, vehicle costs and publications), investment advisory fees, custodial fees, investment publications, and professional fees for things such as tax planning, accounting and legal advice.
This means no shipping, insurance, holding or custodial fees, making it incredibly cost effective.
They will use it only for football and occasional district events, and pay maintenance and custodial fees on those occasions.
The $8,000 in her IRA is invested in a blue-chip fund; she should roll over that money into a Fidelity IRA account to eliminate paying custodial fees.
For actively managed international funds commissions, custodial fees and operating and trading cost differences are even greater than for domestic funds.
Higher transaction fees are likely for such services as brokerage transactions, mutual fund custodial fees and insurance policies, she predicted.
The custodians are more advanced in some countries than others, so their comfort levels on cash management, accounting reliability, recoupment of withholding taxes and custodial fees vary.
When the small print was released a few months later, the custodial fees from 3 to 6 hadn't been eliminated; they had been waived for a $5,650 raise, plus pension costs, for each of the custodians, for a total cost of $6 million, whether there were after-school programs in the particular school or not.
The gross and net returns for the Relative Value Equity strategy reflect composite returns and includes changes in securities prices and re-investment of capital gains and dividends, if any; the gross return is calculated gross of investment management and custodial fees and net of transaction costs, and the net return is calculated gross of custodian fees and net of management fees by using a tiered fee schedule for the periods starting with 1/1/2004 and returns prior to 1/1/2004 are calculated using a 1.