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custodian
(redirected from custodianships)

    Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.06 sec.
Custodian
A financial institution that has the legal responsibility for a customer's securities. This implies management as well as safekeeping.

Notes:
There are additional fees associated with this special attention.

Also known as custody.

Custodian
Either (1) a bank, agent, trust company, or other organization responsible for safeguarding financial assets, or (2) the individual who oversees the mutual fund assets of a minor's custodial account.
custodian
An organization, typically a commercial bank, that holds in custody and safekeeping someone else's assets. These assets may be cash, securities, or virtually anything of value.
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He added, "By having Albridge Solutions in place, Kovack is able to provide their advisors with a platform which consolidates transaction and position data from multiple product companies and outside clearing custodianships, delivering a proven platform for investment reporting.
Kovack Securities Chooses Albridge Solutions for Consolidated Wealth ... by Business Wire
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