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Is Charles Schwab & Co., Inc. the only custodian available to Clients?

April 26, 2017Charles clients custodian Schwab

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Is Charles Schwab & Co., Inc. the only custodian available to Clients?

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Yes. Charles Schwab & Co., Inc. has been selected by Cela Advisors as Cela Advisors’ primary custodian for managed accounts. (Clients are free to select another brokerage firm for assets not managed by Cela Advisors). A custodian holds the securities and cash and facilitates trading activities. Cela Advisors has selected Charles Schwab & Co., Inc. as custodian because of their commitment to client service, low trading cost, and a dedication to operational efficiency. Our management fees are kept low because of the operational efficiency created by having only one custodian for managed accounts.