Custodial Accounts
With a custodial account, you remain in control of your own investment decisions without getting bogged down in all the administrative details of investing. Bank of Labor offers custodial account services with many convenient benefits.
- Protect your securities against physical loss, theft, fire or neglect
- Maintain detailed, up-to-date records
- Purchase and sell securities according to your wishes
- Provide detailed account statements of all trades and transactions
- Audits are conducted at least once a year by internal or external auditors. Additionally, audits by government examiners are conducted on a regular basis that is determined by the government body conducting the examination.