Asset Custody – the Role of the Custodian
Hayek Kallen does not serve as a custodian or take possession of a client’s assets, but instead utilizes the services of independent third party custody agents. This relationship ensures that clients have a means to oversee their accounts and obtain supplemental information. Hayek Kallen has relationships with both Charles Schwab and TD Ameritrade, two of the largest and most well recognized custody agents in the industry. Clients can receive online access to their accounts through their custody agent, and clients will get statements, tax and transaction reports sent directly from their custody agent to supplement the reporting from Hayek Kallen.