Asset & IRA Custody Services
Custody for Securities, Alternative Assets, and Self-Directed IRAs
Asset and self-directed IRA custody services are designed to provide safekeeping, recordkeeping, and administrative support for client assets held in custody accounts. Chain Bridge Bank, N.A. acts as custodian and does not provide investment advice or discretionary management unless expressly agreed in a separate fiduciary engagement.
Asset Custody Service
Custody services are offered to individuals, trusts, retirement accounts, and institutional clients in accordance with applicable banking, fiduciary, and tax regulations.
Chain Bridge Bank, N.A. provides custody for a broad range of asset types, including:
- Publicly traded securities
- Cash and cash equivalents
- Privately held securities and interests, subject to acceptance standards
- Other assets permitted under applicable custody and fiduciary rules
Custody services include asset safekeeping, transaction processing, account statements, and required reporting. Assets held in custody are maintained separately from the Bank’s own assets in accordance with regulatory requirements.
Clients with complex family trusts or specialized investment needs can benefit from our tailored custody services for unique and hard-to-value assets. These services can handle a variety of assets, from residential real estate and privately held company stocks to partnership interests, life insurance, promissory notes, tangible assets, and collectibles. This range of services distinguishes us from brokerage firms, which typically handle only publicly traded securities.
Self-Directed IRA Custody Services
The Bank serves as custodian for Self-Directed Individual Retirement Accounts, including Traditional IRAs, Roth IRAs, and other qualified retirement arrangements permitted by law.
Self-Directed IRA custody services may include:
- Account establishment and maintenance
- Contribution and distribution processing
- Required tax reporting and statements
- Recordkeeping in accordance with Internal Revenue Service (IRS) requirements
Chain Bridge Bank, N.A. does not provide tax advice regarding IRA contributions, distributions, or required minimum distributions. Clients are responsible for consulting their own tax advisors regarding retirement account matters.
Custody Versus Investment Management
Asset and self-directed IRA custody services are administrative and custodial in nature. Unless separately contracted, the Bank does not:
- Select investments
- Provide investment recommendations
- Monitor investment performance
- Act with investment discretion
When investment management or fiduciary investment oversight is provided, such services are governed by a separate written agreement and applicable fiduciary standards.
National Bank Custody Framework
As a nationally chartered bank, Chain Bridge Bank, N.A. is authorized to provide custody services under federal banking law. Custody accounts are administered in accordance with OCC regulations, including applicable provisions of 12 C.F.R. Part 9 where fiduciary authority applies.
Speak With Our Team
For questions about asset and IRA custody services, contact a member of the Trust & Wealth team.
Gregory M. Smolen, J.D.
Senior Vice President, Chief Trust & Wealth Officer
Trust & Wealth Department
Paul S. Berryman, CFP, MBA
Vice President, Wealth Advisor
Trust & Wealth Department
Nini G. Cox
Assistant Vice President, Trust Client Associate
Trust & Wealth Department
Risk, Regulatory, and Legal Disclosures
Custody services do not eliminate investment risk. Assets held in custody may fluctuate in value and may lose value.
Investment products held in custody are not FDIC insured, are not deposits, and are not guaranteed by Chain Bridge Bank, N.A.
Chain Bridge Bank, N.A. does not provide tax, legal, or accounting advice. Clients should consult their own professional advisors regarding these matters.
IRA custody services are subject to IRS rules and regulations. Clients are responsible for compliance with applicable tax requirements.
Discuss Asset & IRA Custody Services
To learn more about asset and IRA custody services, please contact our Trust & Wealth team.
