BusinessAugust 24, 2026
custodying
KUS-tuh-dee-ing
Definition
The act of holding, safeguarding, or managing assets or financial securities on behalf of a client.
Etymology
Derived from the Latin 'custodia,' meaning guard or protection. It evolved through Old French before entering Middle English to describe the act of keeping something under one's care.
In the news
LPL Financial describes itself as custodying approximately $2.6 trillion in assets, highlighting its role as the secure financial repository for its clients and advisors.
LPL Financial Appoints Jonathan Lewis as Managing Director, Chief Technology and Information Officer
Read the full article ↗The Manila Times