In this article, Sylvia Rizk, Senior Director of Business Development, explains how custodial services can provide enhanced security while reducing administrative burdens:
- Provides a consolidated view of manager performance across all accounts
- Allows family office to perform oversight of its investments
- Segregates securities from the custodian’s assets
- Can generate cost savings for family offices that pay fees to different managers and brokers
“Depending on how quickly wealth accumulates, newer family offices may find that they outgrow their ability to confidently manage assets.”
—Sylvia Rizk, Senior Director of Business Development
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