Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is a brokerage firm named as the custodian of clients accounts?

April 26, 2017accounts brokerage clients custodian firm named

0

10 Posted

Is a brokerage firm named as the custodian of clients accounts?

1 Answer

0

10 Posted

National Financial Service LLC, A Fidelity Investments company, is the custodian for our client portfolios. National Financial Service does not make buy and sell orders without our authority; Clayton Financial Services, Inc. is sole manager of your account. With National Financial Service as your custodian, you receive round-the-clock account views, protection from online trade fraud, and insurance from the Securities Investor Protection Corporation (SIPC) and other insurance policies where eligible up to each policy limit.