A custodian is a financial institution that holds customers’ securities for safekeeping to prevent them from being stolen or lost. Frequently, custodian banks manage customers’ accounts and transactions, account for the status of assets, and ensure compliance with tax regulations.

Related Terms

  • Time Value of Money (TVM)

  • Technical Analysis

  • Securities Exchange

  • RIA vs. Broker-Dealer

  • Return on Investment (ROI)

  • Required Minimum Distributions (RMD)

  • Registered Investment Advisor (RIA)

  • Rate of Return (RoR)

  • Probate Court

  • Power of Attorney (POA)

  • Portfolio Manager

  • Mutual Fund

  • Liquidity

  • Health Care Proxy

  • Fundamental Analysis

  • Financial Advisor

  • Fiduciary

  • Executor

  • Exchange-Traded Fund (ETF)

  • Estate

  • Cost Basis

  • Certified Plan Fiduciary Advisor (CPFA)

  • Broker

  • Beneficiary