Sentences with phrase «custodial bank»

These customer funds are held in custodial bank accounts.

While money market fund managers say they are not seeing a sizable wave of redemptions yet, they are setting aside more cash, leaving it at custodial bank accounts in case investors demand their money back.

Thus one method of dealing with the financial aid impact of a custodial bank or brokerage account is to liquidate the account and transfer the proceeds into a custodial 529 plan account.

This means that custodial bank and brokerage accounts have a high impact on financial aid eligibility.

To provide the utmost in service, we may disclose the following information regarding customers and / or former customers, as necessary to companies to perform certain services on your behalf (e.g. custodial banks or brokers) or as required by law.

Investors change custodial banks, brokerages, and investment managers frequently, and many of these service providers have no policy on reaching out to former clients to make them aware of settlements that include transactions from the time period when the investor was still a client.

Not exact matches

All it will take is an extended 10 - 20 % draw - down in the stock market to trigger a massive run on custodial assets — pensions, banks and brokerages.

Note that Since March 2009 it is the policy of the ACSA (Australian Custodial Services Association) not to offer Share Purchase Plans Events (SPP) to underlying beneficial owner clients and thus Saxo Bank can not participate in such events.

It uses custodial accounts to give token - holders legal protection and direct banking, so that the company never directly touches the funds.

That said, Sallie Mae Bank doesn't offer custodial UGMA / UTMA accounts, which are other options for adults to save for a child.

«Indirect Participants» — Those banks, brokers, dealers, trust companies and others who maintain, either directly or indirectly, a custodial relationship with a DTC Participant.

Under the Trust Agreement, Shareholders are limited to (1) participants in DTC such as banks, brokers, dealers and trust companies («DTC Participants»), (2) those who maintain, either directly or indirectly, a custodial relationship with a DTC Participant («Indirect Participants»), and (3) those banks, brokers, dealers, trust companies and others who hold interests in the Shares through DTC Participants or Indirect Participants.

ML Wealth does not participate, at this time, in wrap fee programs, which are arrangements between broker - dealers, investment advisers, banks and other financial institutions and affiliated and unaffiliated investment advisers through which the clients of such firms receive discretionary investment advisory, execution, clearing and custodial services in a «bundled» form.

The accounts are custodial accounts held in the end user name at major banks and are FDIC insured.

Most banks and brokerage firms offer custodial accounts.

At his insistence, we just opened a custodial account for our son so that he could invest half of his bank account savings in a low - cost passive index fund (Total Stock Market).

You can open a custodial account at just about any financial institution, including banks, credit unions, mutual fund companies, and brokerage firms.

If the property consists of cash or other financial assets (such as stocks and bonds), a common method is to open a custodial account at a financial institution such as a bank, brokerage firm or mutual fund company with a designation something like this:

Learn more about Custodial (UTMA) Accounts from Bank of America.

The company also provides mortgage lending; treasury management services for businesses, individuals and non-profit entities including wholesale lock box services; remote deposit capture services; trust and wealth management services for businesses, individuals and non-profit entities including financial planning, money management, custodial services and corporate trust services; real estate appraisals; credit - related life and disability insurance; ATMs; telephone banking; on - line and mobile banking services including electronic bill pay; debit cards, gift cards and safe deposit boxes, among other products and services.

UGMA / Custodial Account LO's savings account grew to about $ 9,500 and I grew tired of the bank giving almost nothing in interest.

National Australia Bank operates and provides custodial services or depository services to our managed investment schemes.

FDIC insurance coverage is contingent upon our maintaining accurate records and on determinations of the FDIC as receiver at the time of a receivership of a bank holding a Custodial Account.

Discover provides the option of opening your CD in the form of a Trust, Guardian, Estate or Custodial account, but in order to do so, you must call one of their Banking Specialists.

Note that the FDIC insurance maximum applies to all of the funds that you have on deposit with the bank that fails, including funds that you have in deposit accounts with the bank other than your American Express Serve - related funds in the Custodial Account.

FDIC pass - through insurance protects funds placed on behalf of an American Express Serve Member against the risk of loss (up to the then applicable FDIC deposit insurance limits) should any FDIC - insured bank (s) where we maintain Custodial Account (s) fail.

Subject to the limitations set forth below, this means that if a bank holding a Custodial Account fails, you should be insured by the FDIC up to the per - depositor coverage limit then in place (currently $ 250,000 in most instances).

If your child is a minor (under age 18 in most states; under age 19 and 21 in others), many banks, brokers and mutual funds will let you set up a custodial or guardian IRA.

U.S. - based Banking Specialists are available 24/7 to assist you with completing your custodial account application.

In cases where the mortgage is registered to a Custodian, the relationship between Street Capital Bank of Canada and the Custodian will consist of a custodial agreement which allows mortgage loans to be registered in the name of the Custodian as required under the Canadian Mortgage and Housing Corporation (CMHC)'s National Housing Act (NHA) Mortgage - Backed Security (MBS) Program.

Due to the custodial certifications the Custodian provides to Canada Mortgage and Housing Corporation (CMHC), it may be necessary for the actual title of Street Capital Bank of Canada mortgages be registered in the name of the Custodian: «AST Trust Company (Canada)» or «Computershare Trust Company of Canada».

Use a variety of CIT Bank products to set up a Custodial Account (UTMA) for a child in your life and give them a head start on their dreams.

$ 0 trades are available for online stock and ETF trades conducted via self - directed individual, joint, custodial or trust Merrill Edge online brokerage accounts, IRAs or Sole Proprietor SEP IRAs when you enroll in the Bank of America Preferred Rewards program.Footnote 2 Other fees may apply.Footnote asterisk * Learn how to qualify for $ 0 trades with Preferred Rewards.

We provide access to custodial services from the custodian of your choosing: National Bank Correspondent Network (NBCN), or Laurentian Bank Investor Services (LBIS)

All CIT Bank products can be set up as custodial accounts under the Uniform Transfers to Minors Act

All CIT Bank accounts except High Yield Savings Accounts can be set up as custodial accounts under the Uniform Transfers to Minors Act.

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Some of the special services we offer is custodial services for bearer shares and documents, mail forwarding, call handling, bank account introductions and administration, corporate searches and filings, assistance with special licensing procedures with offshore mutual funds, offshore banks, offshore insurance companies under the Belize law.

(17) BTA Bank v. Syrym Shalabayev [2011] EWHC 2908 Contemnor sentenced to two custodial sentences of 18 months and one of 6 months (to run concurrently) for breaches of the disclosure provisions of a freezing order.

State Bank of India (SBI) today said its proposed joint venture with Societe Generale for custodial services, likely to be operational by early FY» 10, would target to acquire 8 - 10 per cent market share in three years.

Some will say it doesn't make sense to include Coinbase, which is essentially a Bitcoin bank, in a report about wallets, but it's important for users to be aware of the privacy - related consequences of using this type of custodial wallet.

These exchanges act as custodial wallets in which they control users» digital currencies like banks control customer deposits.

Now, in a case linked to Mexican drugs money trafficking, the bank's California unit pleaded guilty to conspiracy, being served a multimillion dollar fine but with officials conspicuously avoiding custodial sentences, cryptocurrency industry commentators note.

When a lien is placed on a bank account, the account is frozen and the funds are levied and transferred to the custodial parent.