Broker Check

Our Custodian

Assets Held In Your Name at an Established, Arms Length Custodian

My firm has an established relationship with SEI Private Trust Company to provide custody of my clients’ portfolios.

  • SEI Private Trust Company is exactly that – a trust company – not a bank or brokerage house. Any creditor to SEI has no claim to your assets, since they are not held on SEI’s books, so to speak.

  • SEI does not commingle your assets with other investors’ money, and do not use your money as collateral for lending. In the past, situations like this have sometimes been problematic for clients because there is a risk of fraud or failure.

  • All assets are held in your name at SEI, and they are safekept on SEI’s premises, not a third party firm that SEI works with.

  • SEI is audited on a routine basis and subject to regular examination by the Office of the Comptroller of the Currency, a division of the US Treasury Department.

The difference it makes for our clients:

  • Your financial statements will have SEI’s name on them, and any corporate actions that occur (such a stock splits or mergers) will be accounted for in these records.

  • SEI will settle all trades, and collect all dividends and interest on your behalf.

  • Your funds won’t be lent out in a margin transaction. They’ll be safely held in your name and only you have control over what happens to them.