Asset Custody & Authority

  • Van Cleef does not act as custodian of assets.

  • Client assets are held with a third party custodian, such as a bank or broker/dealer.

    • Clients receive monthly statements directly from custodian.

    • Online access is available to all clients via the custodial website.

  • Van Cleef can work with most bank and broker/dealer custodians.

  • Van Cleef acts only as investment advisor.

    • Van Cleef has authority to initiate purchase and sale transactions only.

    • Van Cleef has no discretion to transfer cash or assets of any kind.