What is an annual custodial fee?

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What is an annual custodial fee?

Just want to know (for investing).

2007-02-27 04:46:47 · 2 answers · asked by Chris 2 in Business & Finance ➔ Investing

2 answers

Well, I am the TRUSTEE of a trust for my niece. I am paid a custidial Fee each year, for my efforts....investing wisely for her. It is a VERY low percentage, but I still appreciate it.
"Custodial fees
Fees charged by an institution that holds securities in safekeeping for an investor."

http://financial-dictionary.thefreedictionary.com/Custodial+fees

I TRUST this helps you,friend.

2007-02-27 04:50:18 · answer #1 · answered by I am Sunshine 6 · 0⤊ 0⤋

The company you have your money invested with charges a fee for it's services.

2007-02-27 12:56:02 · answer #2 · answered by stick man 6 · 0⤊ 0⤋