What are the duties of a custodian when managing investments?

When managing investments, a custodian in Texas has several key duties. Primarily, the custodian’s job is to handle the paperwork and administrative tasks of the investments, such as collecting payments, making deposits, and filing any required documents. Additionally, the custodian is responsible for verifying that the investments are in compliance with all laws and regulations established by the state of Texas and the federal government. The custodian must also keep accurate records of all transactions, including income, expenditures, and capital gains, and must keep these records up-to-date. Finally, the custodian is responsible for monitoring the performance of the investments and informing the investors of any changes or potential risks associated with the investments. By taking these steps, the custodian can help ensure the investments remain safe and profitable.

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What are the duties of a custodian when managing investments?

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