What is a Custodian?

A custodian is a financial institution that has legal responsibility for a customer’s securities. Custodianship includes management as well as safekeeping, and this service incurs additional fees. Our firm, like all investment managers, is required to have a custodian.

Investments that you entrust to our firm are placed in custody with Fidelity Investments. Fidelity’s clearing firm, National Financial Services LLC (NFS) is one of the largest clearing providers in the industry. A clearing firm is an organization that works with financial exchanges to handle the confirmation, delivery, and settlement of transactions.




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Tip For Selecting Financial Advisor

When you’re selecting your Investment Advisor, considering who your advisor uses to custody your investments can be a critical factor, as this will help determine the level of service and support you can expect from your Investment Advisor. As an independent firm, we do not require that our clients have their assets custodied with any particular company. We are able to manage portfolios held with almost any bank or brokerage firm in the world, when practicable.

Colbert Investment Management is independently operated and owned, and is not affiliated with Fidelity Investments.