The amount a brokerage or other financial institution charges customers to hold their securities, thereby reducing the customer's risk of loss or theft of the securities and making them available for sale by the brokerage if requested by the customer. Just as a bank, the custody gives the investor a safe place to maintain their assets with little risk, but unlike a bank, the assets are unavailable to the custodian for its use. Because the held assets stay in the client's name, they are not interchangeable for the custodian.
Related information about custodial fee:
- Custodial Fees - Financial Dictionary - The Free Dictionary
Custodial Fee · Custody. They will use it only for football and occasional district events, and pay maintenance and custodial fees on those occasions.
- What is custodial fee? definition and meaning - InvestorWords.com
Definition of custodial fee: The amount a brokerage or other financial institution charges customers to hold their securities, thereby reducing the customer's risk of ...
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custodial fee definition: The fee charged by a financial institution that holds securities in safekeeping for an investor....
- What is custodial fee? - BusinessDictionary.com
Definition of custodial fee: A fee charged by a broker or financial institution for safekeeping services. The broker or financial institution holds securities or other ...
- What Are IRA Custodial Fees? | eHow.com
Most IRA custodians deduct the annual custodial fee directly from your IRA assets. In most cases, you can also pay your firm via check. Some custodians waive ...
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Mutual Fund Transaction Fees. Each mutual fund transaction incurs a custodial fee of $24.00 (for clients with a household value of $500,000 or more, OR clients ...
- custodial fee noun - definition in Business English Dictionary ...
custodial fee noun - definition, audio pronunciation and more for custodial fee noun: an amount of money charged by a bank or other financial organization for ...
- Your Guide to Understanding IRA Fees - fnCentral Presents 401Kafe
Custodial fee: You pay this fee every year to maintain the custodial account. Everyone — banks, mutual fund companies, brokerage firms and independent trust ...