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 Schwab Institutional the only custodian available to Clients?

April 26, 2017clients custodian institutional Schwab

0

Posted

Is Schwab Institutional the only custodian available to Clients?

1 Answer

0

Posted

Yes. Schwab Institutional is the institutional investment arm of Charles Schwab &amp Co. They act as a custodian of all of our Clients’ managed accounts, which means they hold securities and cash and facilitate trading activities. Cela Advisors has selected Schwab Institutional 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.