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Our comprehensive services allow you to consolidate your investments at one location, saving the time and effort required to track investments held at several mutual fund companies and/or brokerage firms. By establishing a custody account, you can maintain a single account holding all your investments, tracking all transactions and cost basis information for tax purposes.
Our domestic custody capabilities include:
Presidential Bank’s Trust Department is a qualified custodian to hold your IRA assets. Presidential’s Trust Department acts as your IRA trustee and provides custody of the assets owned by the IRA, processes all transactions, performs requisite recordkeeping, files necessary reports with the IRS, issues account statements, forwards investor materials received in your behalf, and may help you to understand the rules and regulations pertaining to certain transactions and perform other administrative duties. Our Trust Department staff is trained and experienced and ready to help you get started. Call, today and get started, 301-951-5082.
*APY = Annual Percentage Yield
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