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Beware: You Can Inadvertently Becoming a Custodian

Friday, Aug 16 2013

Practice Management

Written by PLP News

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Beware: You Can Inadvertently Becoming a Custodian

Advisors typically rely on third-party custodians, so they typically gloss over rules that govern the services. However, doing so can be a mistake. So reports the Journal of Financial Planning.

Indeed, a variety of scenarios discussed in the article illustrate how advisors can inadvertently become custodians.

Read the full article from the Journal of Financial Planning here.

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