Talk with us:
At City National, custody services are much more than a simple safekeeping function. As our client you receive a comprehensive, flexible approach that is custom designed to fit your organization’s specific needs. As your custodian, our critical role is to help you effectively manage your company’s investments and resources.
We offer the following custody services designed to help your organization maintain strategic control of marketable securities portfolios:
Securities Settlement - We ensure prompt trade execution, settlement and income collection. City National has a strong infrastructure of people, technology, and direct depository memberships. This foundation has enabled us to create a dependable and accurate platform for processing trades, income collections, corporate actions, maturities, transfers, disbursements, proxies and securities pricing. And, through our global custody relationships, we can settle your trades on time, anywhere in the world.
Safekeeping - We provide the highest level of safety for fiduciary assets and deposits. Accuracy is achieved through our disciplined daily process of pre-balancing, verification and reconciliation of all transactions.
Accounting - Our advanced trust accounting system maintains detailed records and can accommodate sub-accounts. These systems comply with standard GAAP practices of tax lot accounting and can also provide the best available current market value for securities.
Reporting - Communications of corporate actions are immediate. Detailed and consolidated statements are available. Online access to portfolio information is available for both you and your investment advisor. City National has implemented extensive internal and external systems to ensure the accuracy and correctness of our reports.
City National offers the ability to have a single custodian for large institutional investors who use multiple asset managers.
For further information or to discuss a how can help with your organization’s custody needs, please contact your City National Relationship Manager.