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Podcast: Offshore Tax with HTJ.tax
Episode: Custodian vs. Fiduciary – What’s the Difference?
Description: While custodians and fiduciaries are closely related, they serve fundamentally different roles in wealth management and trust structures. Importantly: all fiduciaries are custodians in some sense, but not all custodians are fiduciaries.1. Custodial Institution (“Vault Keeper”)Role: Safeguard and protect client assets.Core Function: Holding assets securely against loss, theft, or error.Key Responsibilities:Physical and electronic safekeeping of assetsSettling trades and processing corp...