Third Party Custodians

Since the Bernie Madoff scandal, the SEC has focused their investigations on firms that custody assets in-house. In other words, the potential for account discrepancies is higher at firms that hold investments in its own name for the benefit of their clients. Third party custody of assets enables Castle to focus on our competency as an asset manager and allows those most adept at safely monitoring your assets to do so.

Our clients' accounts are established with two of the industry's top custodians, Fidelity and Schwab and titled in our clients' name. These custodians combined hold more than $3 Trillion for their individual and institutional clients. Each custodian provides SIPC coverage on assets up to $500,000 and both firms offer clients additional brokerage insurance through agreements with insurance companies.