Our Custodians
To enhance your security and independence:
- You appoint an independent Custodian of your choice – we currently provide a choice of 2 Bank owned Trustee Companies. The Custodian is appointed independent of our Funds Management Agreement and the Custodian is aware at all times that they have a fiduciary duty to the client.
- The Custodian records all assets separately in your private portfolio.
- All cash is held in the Custodian’s cash management account, or in Bills or other debt instruments bought by them under our instructions.
- The Custodian establishes a stand alone account for each client. All investments are registered – c/o the Custodian.
- The Custodian looks after all the dealings with share registries and all shareholder correspondence associated with the companies in which we invest.
- The Custodians holds a Power of Attorney for each portfolio.
- The Custodians settle all transactions and collect interest and dividends.
- The Custodian prepares monthly statements and taxation reports which we reconcile against our records each month prior to dispatch.
We pay the Custodians’ costs for their services from our fee.
