Your money is held in custody with one of our custodian service providers such as Fidelity Investments or Charles Schwab. We can recommend a custodian and help you establish a new account. Because the account will be in your name, you will have access to your funds. We typically have investment authority to place trades on your behalf and reinvest proceeds without your prior approval. Whenever a trade is placed you will receive a trade confirmation in the mail or electronically. Our investment management agreement limits our authority to trading and we do not have authority to transfer anything from your account. When you need to make a deposit or withdrawal or set up a monthly income or take a distribution from your retirement account we will assist you.
Using a third party protects you because you will receive monthly statements and notices of all trading activities prepared by the custodian independently