Does the custodian selection decision impact how St. Nicholas is paid?
No. Virtually any brokerage-related custodian can provide the services that you need. We make nothing from our custodian, regardless of who it is. Our customers get charged nominal commissions that are set by the custodian, and St. Nicholas is not paid anything for trading activity or product use. St. Nicholas charges an annual fee (taken quarterly), and the only way we make more fee income is if the account we manage goes up in value. There is absolutely no other remuneration that St. Nicholas receives other than our investment management fee.
