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.