Client assets must be maintained in an account at a “qualified custodian,” generally a broker-dealer or bank. Grant/GrossMendelsohn, LLC requires that our clients use Charles Schwab & Co., Inc. (Schwab), a registered broker-dealer, member SIPC, as the qualified custodian of all actively managed accounts. Schwab holds client assets in a brokerage account titled in the Client’s name, and buys and sells securities when GGM instructs them to do so.
Schwab provides GGM and our clients with access to its institutional brokerage – trading, custody, reporting, and related services – many of which are not typically available to Schwab retail customers. Schwab also makes available various support services. Some of those services help us manage or administer our clients’ accounts; while others help us manage and grow our business.
On your right, you will find additional information regarding Charles Schwab & Co., Inc., within the “Schwab Information” sidebar.
