BNET Business Dictionary
Business Definition for: Custodial Account
- a bank account opened, normally by a parent or guardian, in the name of a minor who is too young to control it
Additional Resources
- Mellon and CaliforniaChoice Announce Health Savings Account Alliance
- RIDGEFIELD PARK, N.J. & ORANGE, Calif. -- Mellon Financial Corporation's Human Resources & Investor Solutions (HR&IS) business and CaliforniaChoice, a CHOICE Administrators program, today announced an alliance to provide Health Savings Account HSA products and services to California consumers through the CaliforniaChoice website, calchoice.com. The integrated HSA product includes...
- Research articles 2005-03-14
- At Bostons State Street Corp., Custodial-Banking Customer Becomes A Rival.(Knight Ridder/Tribune Business News)
- Nov. 21--For more than two decades, Boston's State Street Corp. has posted big numbers by controlling a significant corner of the obscure, but hardly insignificant, world of custodial banking. Pension funds and mutual funds take in billions of dollars worth of their clients' money...
- Research articles 2000-11-21
- Tax Strategies: Tax Strategies For Minors
- It is important to maximize after-tax returns in your custodial accounts. If the accounts will receive more than $1,8004 in income, you need to account for the kiddie tax in your investment planning. The investments shown below may help you accomplish a custodial account's goals while minimizing the child's tax...
- White papers 2008-01-01
- Swiss bank UBS pays 100-million-dollar fine for abusing Fed account
- WASHINGTON AFP ? Swiss banking giant UBS AG will pay 100 million dollars for abusing a US Federal Reserve account to engage in dealings with Cuba, Libya, Iran and Yugoslavia, the Fed said. UBS agreed to the civil penalty without admitting to any allegations, the Federal Reserve said in...
- Research articles 2004-05-10
- Money Skills for Your Kids: Ages 15 and Up
- To make high-school students financially literate, let them handle and sometimes mishandle their own money. The Power of Compound Interest ...
- Articles 2009-07-15
- Investment Scorecard, Inc. Provides Performance for Alternative Assets
- NASHVILLE, Tenn. -- Investment Scorecard, Inc. delivers critical new functionality to the Wealth Management industry via their web-based, fully outsourced performance product. In addition to consolidating accounts from multiple back office systems, Investment Scorecard now has the capability to report on assets that are held outside of a traditional custodial...
- Research articles 2006-11-13
- ACS Adds U.S. Bank as Custodial Choice for HSA Partners and Clients
- MINNEAPOLIS -- U.S. Bank announced today that its U.S. Bank Health Savings Account HSA Solution will be offered by Affiliated Computer Services, Inc. (NYSE:ACS) as an additional custodian option as part of the ACS HSA SolutionTM product. The U.S. Bank Health Savings Solution will leverage the HSA market leadership...
- Research articles 2006-10-31
- Amendments Custody Rule For Investment Advisors
- The SEC has issued amendments to modernize the custody rule under the investment advisor act of 1940. The SEC indicated that the amendment are intended to enhance protections for advisory clients assets, harmonize the custody rule with current custodial practices and clarify the circumstances under which advisors will be deemed...
- White papers 2003-10-20
- Educational IRAs for children.
- On educational IRAs for children. Guidance from Internal Revenue in the guise of model forms for Education Individual Retirement Accounts: Forms 5305-E for educational IRA trusts and 5305-EA for custodial ones. Both forms are for use by IRA sponsors...they aren't to be filed with IRS....
- Research articles 1998-02-06
- ASIC forces CBA to correct pricing errors.(Australian Securities and Investments Commission, Commonwealth Bank of Australia)(Brief Article)
- Apr 12, 2005 (Asset - ABIX via COMTEX) The Australian Securities & Investments Commission has agreed to an enforceable undertaking from Colonial Mutual Life Assurance Society CMLA. As a result of pricing errors, discovered by CMLA, Commonwealth Custodial Services, Colonial Mutual Superannuation and...
- Research articles 2005-04-12
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