custodian account

custodian account

An account controlled by a custodian rather than the owner of the assets. Custodian accounts are often used for minors or other individuals who are unable or unwilling to handle their own assets.
References in periodicals archive ?
HSAs require three things: A high-deductible health plan (HDHP), a bank/ custodian account and an administrator.
Advisors can access real-time account details, including account and cash balances, addresses, beneficiaries, registrations, and contacts, when running the custodian account details report in Advisor View.
The integration allows advisors to obtain real-time account and cash balances, addresses, beneficiaries, contacts, and other information from TD Ameritrade Institutional for the Custodian Account Details report in the Advisor View(TM) portfolio management application and client portal.
With the goal of creating comprehensive giving options correlated to investment goals and risk, the alliance will give credit unions new alternatives, which include an insured CD custodian account and a Part 703 compliant investment trust, according to both firms.
Taipei, June 10, 2011 (CENS)--The Financial Supervisory Commission (FSC) announced yesterday (June 9) approval of investment by Ruencheng Investment Holding (literal translation) in Nan Shan Life Insurance, but required the latter to put forth an additional NT$6 billion of cash under a custodian account within 60 days.
02bn/EUR719m) in cash or assets in a custodian account for possible financing needs over the next 10 years, as well as to keep its entire Nan Shan stake in trust for a 10-year period.
At the point of acceptance, the accountability for the vehicle was established on the expeditionary logistics readiness squadron's (LRS) equipment custodian account, and the mission equipment accountability was recorded on the owning unit's equipment custodian account.
Contrary to what you may believe, controlled cryptographic items (CCI) RT1836(C)/APX-118(V), RT-1912(C)/APX-123(V), KIV-16, and KIV-77 ARE NOT REQUIRED to go through the COMSEC custodian account for reporting or documentation.
With that experience under his belt, Nelson went on to start trading stocks at the age of 14, through a custodian account at Dean Witter.
But first establish the purpose for setting up a trust fund or custodian account.
Further protections include a state intercept of local aid for borrowers and the ability to access a bond bank custodian account.
However, in order to make sure that the five strict regulatory conditions are met, FAS has also asked the buyer to reduce debt financing to cover no more than 48% of the total deal, to hold TWD30bn in cash or assets in a custodian account for possible financing needs in the next 10 years as well as to keep its entire stake in Nan Shan Life in trust for a 10-year period.