custodian

cus·to·di·an   (kŭ-stō'dē-ən)    n.   One that has charge of something; a caretaker: the custodian of a minor child's estate; the custodian of an absentee landlord's property. A janitor: worked nights as custodian of a high school. cus·to'di·an·ship' n.

Custodian

A financial institution that has the legal responsibility for a customer's securities. This implies management as well as safekeeping.

Also known as "custody".

Investopedia Commentary

There are additional fees associated with this special attention.

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Related Links

Brokers and Online Trading
Understanding Dishonest Broker Tactics
Fee-Based Brokerage: The Latest Target For Regulators

See also: Broker, Custodial Account, Custody-Only Trading, Safekeeping

custodian

An organization, typically a commercial bank, that holds in custody and safekeeping someone else's assets. These assets may be cash, securities, or virtually anything of value.

Main Entry: cus·to·di·an
Function: noun
: an individual entrusted with guarding and keeping property or having custody of a person: as a : the warden of a prison b : a person given custody of a child by court order c : a person named to manage a child's property under the Uniform Transfers to Minors Act d : a person or entity appointed by a bankruptcy court to take charge of the debtor's property for purposes of administration —cus·to·di·an·ship noun