Your Investment Advisors Should Never Handle the Money

A lot of independent firms, and most investment advisor firms, if it's no a b c investment advisory firm oa located in the suburb of chicago, for example, they don't actually hold your money. That money is held by a custodian, typically swab, t d fidelity. They're actually the ones holding the money. So i tell peop tle lok, ever write a check to a b c adviser, it's always to charles schwab or t d. Always direct your money to the custodian. Your investment advisers should never actually handle,. which a lot of people don't understand.