Investment assets are generally held and administered through the relevant broker, custodian, investment platform, product provider or a nominee arrangement, where applicable, depending on the account and investment structure. Wealth and Legacy Group’s investment management mandate does not, by itself, make us the custodian of your investments.
What should I check?
- Legal ownership and account structure. Confirm how your interests are recorded and whether assets are held directly or through a nominee or pooled structure.
- Authorisation and controls. Understand the roles of the investment manager, broker, platform and custodian, including who may issue instructions.
- Statements and access. Know how to obtain statements, verify holdings and report an unauthorised transaction.
- Provider arrangements and safeguards. Understand the custody, administration and asset-recording arrangements applicable to the account.
What protection does a custodian provide?
A custodian holds and administers investments under the applicable account arrangements, helping distinguish safekeeping from investment management. These arrangements support the administration and recording of assets, while investment values remain subject to market movements. The protections available depend on the investment product and account structure.
Before investing, confirm where your assets will be held, how your ownership or interest is recorded, and which provider is responsible for administration and reporting. The relevant arrangements should be set out in the account and product documents.
Find out more about our discretionary investment management service.
See also: What is discretionary investment management, and how does it work?
Disclaimer: The information provided here is intended as general guidance only and does not constitute legal, tax, or financial advice. Every situation is unique, and legislation is subject to change. We invite you to reach out to our team at Wealth and Legacy Group for guidance tailored to your specific circumstances.