The custodial role is that of a financial secretary and security guard. The institution must identify and then take title to the trust’s assets, keep accurate records, report to the current beneficiaries and execute and settle all transactions.
PTC Custody Services Overview
- Assembly and safe custody all of the accounts’ assets
- Beneficiaries and other parties in interest receive market valued inventories and regular statements of all transactions occurring in the account
- Transactions are accounted for separately, to identify ownership interests of present and future beneficiaries