Financial custodians might not be household names, but their role in protecting your assets is crucial. Whether you’re an individual investor or a large institution, understanding what these entities do can significantly impact your financial well-being.

Fundamental Role of Financial Custodians

Before entrusting your hard-earned assets to someone else’s care, it’s crucial to understand what a financial custodian does. In this section, we’ll explore their primary roles, from safeguarding your assets to ensuring you’re on the right side of the law.

Asset Safekeeping

One of the primary responsibilities of a financial custodian is to protect your assets. While some may think of a bank vault or a physical safe when imagining asset protection, the responsibilities of financial custodians extend far beyond that.…