Client Account
Account used to hold or record client cash and securities separately from a financial or professional firm's own assets.
Custody, client-asset segregation, nominee ownership records, safekeeping controls, physical storage, and custody-fee concepts.
Custody terms separate economic ownership from possession, record title, transaction authority, and asset servicing. A Client Account focuses on customer assets and segregation, while a Custodial Account explains administration for a beneficiary, including minor-beneficiary arrangements.
The holding structure also matters. Nominee Account distinguishes registered title from beneficial ownership, and Safekeeping covers control, settlement, reconciliation, and asset servicing. Custodian Fee addresses the cost of those services.
Physical storage is a different service. A Safe Deposit Box provides controlled vault access but does not ordinarily create a recorded securities position, insured deposit balance, or provider inventory of the contents.
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Account used to hold or record client cash and securities separately from a financial or professional firm's own assets.
Account in which a custodian holds or administers assets for a beneficiary, including minor-beneficiary and institutional custody arrangements.
Charge for holding, settling, servicing, and reporting assets, calculated through asset-based, minimum, transaction, or special-service pricing.
Account in which an intermediary or nominee appears as registered holder while records identify the underlying beneficial owner.
A safe deposit box is a secured container rented from a bank or other provider for storing documents and valuables; its contents are not a deposit account.
Custody function for protecting, controlling, reconciling, and reporting securities, cash, documents, or other client assets.