Our services allow Sovereign to act as your financial intermediary to provide accurate safekeeping, transaction processing, and reporting. We deliver a full range of securities services to corporations, not-for-profit organizations, and labor union plans with assets in excess of $1,000,000.
Benefits of an Institutional Custody Account
- Personalized, proactive, and responsive service
- Safekeeping and pricing of portfolio assets
- Automated depository interface for securities movement
- Timely and accurate settlement of all security transactions
- Accurate and timely posting of principal (maturities and calls), and income (interest and dividends) payments
- Assistance in processing corporate reorganizations and capital change
- 24/7 online access to account information
- Detailed statements of securities and account activity
- Consolidated relationship reporting
- Daily investment of idle cash in a money market mutual fund
Along with the benefits of an Institutional Custody account, our Directed Trust account will provide you with:
- Specialized institutional employee benefit reporting packages specially designed to meet government reporting requirements and the needs of plan sponsors, auditors, and actuaries
- Simplified Master Trust reporting for multiple manager/multiple plan situations
- Convenient benefit payment processing and participant tax reporting
Equal Housing Lender - Member FDIC
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