We believe investors should always have their investments held (or custodied) at a secure institution that is separate from their money manager. This provides security, checks and balances, and independent valuation and reporting. Though our clients can choose their custodian, our preferred custodian is Charles Schwab Institutional. They are the leading U.S. provider of custody and trading services to private investment advisory firms. Schwab provides 1,800 professionals to support over 6,000 independent advisory firms with over $1.2 trillion[1] under management. At Schwab, they do not charge you for custody and statements, and we have negotiated the lowest possible commission on our clients’ behalf. Through SIPC and Lloyds of London insurance, client portfolios at Schwab are protected up to $150 million from losses resulting from insolvency or liquidation. In essence, Schwab and other custodians are our “bricks and mortar” and Aberle investment Management, through limited power of attorney, is your personal money manager.
[1] As of June 2016