Custody Services
Keeping track of your various investment accounts for recordkeeping and tax objectives can be a time-consuming and frustrating process. Midwest Bank's custody services offer immediate relief, particularly if you:
- Keep your stock certificates in a file cabinet or safe deposit box
- Work with two or more investment providers
- Spend considerable time compiling information for your tax return
- Have little time to deal with your financial matters
A Midwest Bank Custody Account is a cost-effective solution for keeping your financial matters organized. You retain total control of your assets, and you can continue to work with your existing investment providers.
As your custodian, Midwest Bank's responsibilities include:
- Safekeeping your assets
- Consolidating all your investments under one account
- Executing your investment trades efficiently
- Providing information on various investment alternatives
- Collecting your investment income promptly
- Remitting to you or reinvesting your income
- Providing concise reporting on account activity and tax information
Our custody services are designed for individuals and businesses. In addition, if you're an attorney or investment professional, you can take advantage of a Midwest Bank Custody Account and make these cost-effective and convenient services available to your clients.
Establishing your custody relationship with Midwest Bank is easy. Unlike other trust providers, Midwest Bank does not impose large account minimums. To talk to a Wealth Management Advisor today, please call us at 1‑877‑U‑Belong (823‑5664).
