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Custodial Services

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While customers are able to manage their own investment portfolio with an NBT Financial Group Custody Account, we will provide a variety of support services to simplify the task, including:

  • Custody and safekeeping of securities
  • Purchase, sale, receipt and delivery of securities as directed at favorable brokerage commission rates
  • Notification of reorganizations, redemptions, exchanges, rights, stock dividends or other capital changes affecting the account’s securities of which NBT has information, and execution of instructions regarding these transactions
  • Collection of proceeds of called or matured bonds or other principal transactions
  • Daily sweep of principal and income cash balances to money funds with attractive yields available to institutional investors
  • Collection of income and periodic remittances
  • Periodic statement of account activity with a list of assets at tax cost and market value
  • Annual income tax information summary