Free Version

Review Topics
Practice Exams
Buffalo roam at night and at dusk, but we aren't the ones who have to wake up for an 8 a.m. test.

Custody of Client Assets

Dashboard > Violations > Custody of Client Assets

Custody of Client Assets

Here’s a topic sure to anesthetize your brain: Custody. Custody of client assets is when an investment advisory firm has physical possession of a client’s assets, which can include cash, funds, or other types of investment securities. In general, custody of client assets is handled by a bank or trust company because maintaining client assets can be a difficult and meticulous business.

The Uniform Securities Act states:

It is unlawful for any investment adviser to take or have custody of a...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

Next: Bertie Becomes Concerned
Prev: Advertisements

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.