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custodial fee

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custodial fee
The fee charged by a financial institution that holds securities in safekeeping for an investor.
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Most banks and brokerage firms permit customers to pay the custodial fee separately rather than have it deducted from the account.
Tax planning tips for 2000 and beyond by Journal of Accountancy
The technological integration between BenefitStreet and Reliance will help plans enjoy extremely competitive recordkeeping and custodial fee rates.
Reliance Trust to Provide Custodian Services for BenefitStreet's ETF ... by Business Wire
Many funds also charge a yearly custodial fee to cover the administrative costs of handling an individual retirement account.
Nothing comes free by Khalfani, Lynnette / Black Enterprise
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