Custodian

A person or entity that holds and safeguards assets on behalf of another entity.

More Details

A custodian is a person or entity that holds and manages financial assets on behalf of another person or entity. Custodians are typically responsible for the safekeeping of these assets, as well as the execution of trades and the settlement of transactions.

Example

If you open a youth account for your child, you or another adult would be added as a custodian on the account to oversee and assist with its safe management.

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