What to Know About Asset Safety

Learn the importance of separate custodial functions for asset safety and the role of qualified custodians like Charles Schwab.

FSG Wealth Advisors, LLC

Having a separate entity custody, segregate, and safekeep your assets in your name is critically important. Why? Because an independent, qualified custodian provides an extra layer of protection for safeguarding your assets.

In addition to reports provided by the asset manager or adviser, the custodian generates and distributes its own statements directly to you ensuring that you get accurate, independent, and verifiable information about your account. An independent, qualified custodian also provides these data online, usually in real-time. The custodian, not the asset manager or adviser, is responsible for verifying and reporting your disbursement authorizations from your investment account.

Remember—Bernie Madoff’s clients did not have the necessary checks and balances afforded by an independent qualified custodian, therefore they were susceptible to the fraud Mr. Madoff committed. At FSG Wealth Advisors LLC, we use Charles Schwab & Co., Inc. as our qualified custodian and safekeeping agent. They are a publicly traded financial services holding company headquartered in San Francisco, California.

Schwab is a top tier provider of custodial, operational and trading services holding hundreds of billions in assets for their clients and for advisers’ clients. We think Schwab is among the best, and they have been serving their clients with competency and professionalism for decades.

Beware of any wealth manager who, in addition to managing your assets, also custodies and safekeeps them. We believe separate and discrete manager/custodial functions inject prudent checks and balances and dramatically improve asset safety.

Ready to make a plan for your financial future?

QUICK LINKS

Charles Schwab Client Portal

Orion (coming soon)

700 Colonial Road, Ste. 130
Memphis, TN 38117

Dislosure: FSG Wealth Advisors, LLC is an investment adviser registered with the State of Tennessee. FSG Wealth Advisors, LLC may not transact business in states where it is not appropriately registered, excluded or exempt from registration. Individualized responses to persons that involve either the effecting of transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.

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