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Custodial Fee

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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.

custodial fee
The fee charged by a financial institution that holds securities in safekeeping for an investor.


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There may be a small custodial fee charged by the bank or financial adviser who is overseeing your SEP but this again is much less than the fees associated with many plans.
The rate charged is prime or Libor plus a negotiated margin as well as a per transaction fee from a company like Titan to cover administrative and other related expenses, including the wire fee, overnight deliveries and the custodial fee.
They will use it only for football and occasional district events, and pay maintenance and custodial fees on those occasions.
 
 
 
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