Säilyttäjätili

Säilyttäjätili, often translated as custodian account, is a type of financial account held by an individual or entity where a third party, known as the custodian, holds and safeguards the assets on behalf of the account holder. The custodian is typically a financial institution, such as a bank or brokerage firm.

The primary purpose of a säilyttäjätili is to protect the assets from unauthorized access or loss. The custodian is responsible for maintaining the records of the assets, executing transactions as instructed by the account holder, and providing regular statements. In many jurisdictions, particularly for retirement accounts like pensions or ISAs, the use of a custodian is legally mandated to ensure the security of these investments.

Assets held in a säilyttäjätili can include a wide range of financial instruments such as stocks, bonds, mutual funds, and other securities. The account holder retains beneficial ownership of the assets, meaning they have the right to control them and receive any income or capital gains generated. However, they do not have direct physical possession of the assets. The custodian acts as a fiduciary, meaning they have a legal obligation to act in the best interest of the account holder.

The fees associated with a säilyttäjätili vary depending on the custodian and the services provided. These fees can include account maintenance charges, transaction fees, and fees for specific asset management services. It is important for account holders to understand the fee structure and the responsibilities of the custodian before opening such an account.