Compliance
Custodial Services
Safekeeping of securities by a financial institution on behalf of clients, including settlement, reporting, and compliance.
What are Custodial Services in Family Offices
Custodial services in family offices refer to the safekeeping of securities by a financial institution on behalf of clients. These services include the settlement of transactions, comprehensive reporting, and ensuring compliance with regulatory requirements. They are essential for protecting and managing the financial assets of high-net-worth families.
Related Terms
Compliance
Adhering to laws, regulations, guidelines, and specifications relevant to the family office’s operations.
ViewCustodial Services
Safekeeping of securities by a financial institution on behalf of clients, including settlement, reporting, and complian...
ViewCustodian Bank
A financial institution that holds customers’ securities for safekeeping to prevent them from being lost or stolen.
ViewDue Diligence
A comprehensive appraisal of a business or investment opportunity to evaluate its commercial potential and risks.
ViewGlobal Custody
A service where a financial institution holds securities for clients in multiple jurisdictions, handling settlement, rep...
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