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Account Custodians

A COGENT Relationship

Checks and Balances are Important. That's why COGENT does NOT custody client assets.  That's the role of the Custodian.

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(Scroll down for more about how You, COGENT and Your Custodian work together)

Role 2:

COGENT

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As Your Investment Advisor, COGENT works with You and Your Custodian to best serve your financial interests.  The following is a partial list of COGENT's functions:

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  • Works with You to develop customized strategy and Investment Policy Statement

  • Directs Custodian to place trades in your account(s)

  • Initiates money movements between linked account(s), if authorized by You

  • Receives Your account data from Custodian to use in proprietary systems for portfolio management, performance reporting, billing, compliance, and relationship management

  • Provides You with pertinent reports

  • Provides ongoing management of Your account(s) and financial plan

  • Provides You with Periodic Review Meetings

Role 1: You

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You are the center of this relationship and the most important piece. The following is a partial list of  Your functions:

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  • Work with COGENT to develop strategy & select investments

  • Can contact COGENT or Custodian to place trades and initiate contributions and withdrawals

  • Can access accounts by phone and online through Custodian

  • Can view account information, including performance, and a secure document vault through your COGENT Portal

  • Receives official accounting documents like statements, tax documents and trade confirmations from Custodian

  • Receives Performance Reports and Billing Documents from COGENT

  • Receives ongoing investment management, review meetings, and financial planning services from COGENT

 Role 3:

Custodian

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Your Custodian fills a vital role to ensure proper accounting of your assets and links you to other financial institutions.  The following is a partial list of their functions:

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  • Maintains custody of your funds and investments

  • Offers services like check writing, debit cards, bill pay, and more

  • Provides accounting for Investments Held, Trades Placed, Income Received and Account Valuation

  • Links Your account(s) to other institutions like your bank or another brokerage firm

  • Participates in SIPC and FDIC Insurance programs, as applicable, depending on Your investments

  • Provides statements, tax documents and trade confirmations

  • Takes trade and money movement orders from You and COGENT

  • Provides Your account data to COGENT

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