What role does the Custodian perform?
Apart from holding your shares and cash, the Custodian has a Power of Attorney signed by you that allows them to settle all the portfolio transactions (such as buy and sell orders with stockbrokers), collect all dividends and interest, correspond with listed companies and their share registries, and sign documents (such as applications for floats, acceptance of takeover offers etc.) on your behalf. As a trusted third party directly appointed by you, you can rely on the Custodian to provide accurate and reliable reporting, as well as the safekeeping of your assets.
