Custody Services
This is the storage of assets or other items of value in a protected area.
What is safekeeping/custody?
More RVK clients use this vendor as its custodian than any other bank.
Who is US Bank?
The definition of this is documenting how much money an individual participant has.
What is recordkeeping?
This recordkeeper has more RVK clients, plans, and assets than any other recordkeeper.
Who is Fidelity?
In this service, custodians record financial transactions into an official book of record.
What is accounting?
This custodian has more RVK client assets under custody/management than any other bank.
Who is JP Morgan?
Recordkeepers send a daily net activity file to this vendor to communicate the day’s transaction history.
What is a custodian?
This recordkeeper is also the recordkeeper for the RVK 401(k) Plan.
Who is Principal?
Examples include: absolute returns, relative returns, IRRs, and rolling returns.
What is performance?
This custodian is based in Chicago, IL.
Who is Northern Trust?
In-person group sessions led by a Representative are an example of this service.
What is education & communication?
This recordkeeper is also a popular investment manager amongst RVK’s clients.
Who is Vanguard?
This service has to do with changing from one currency to another.
What is foreign exchange?
This custodian is particularly popular amongst public fund clients.
Who is State Street?
Recordkeepers must be a fiduciary when providing this service.
What is advice?
This recordkeeper has been made popular in the news for several acquisitions in the last five years.
Who is Empower?
Checks that are sent to pensioners fall under this service.
What is benefit payment services?
The name of this custodian was recently rebranded (again).
Who is BNY?
Participants phone into this place when they have questions.
What is a call center?
“My Orange Money” is the theme for this recordkeeper.
Who is Voya?