Asset Custody

Investor assets are most-often held by a custodian who accepts responsibility for the safeguarding of those assets. To ensure safety and prevent the possibility of a Madoff-type scandal, investors are best served when a custodian is a separate entity from an advisor. Furthermore, investors must make sure their custodian has asset protection and insurance that exceeds the amount of their assets.

After thoroughly researching custodians, Perspective Wealth selected TD Ameritrade to be the custodian of our client's assets. At TD Ameritrade your assets are protected and secure. TD Ameritrade is a member of the Securities Investor Protection Corporation (SIPC). Through a combination of protection provided by SIPC and Lloyds of London, your assets are protected up to $1 Million in cash and $250 Million in securities. Coverage provides protection against TD Ameritrade insolvency, not loss in value of securities.

With TD Ameritrade as a custodian, clients have direct and secure internet access to their accounts.