Upleft has carefully selected an institutional custodian for the safe-keeping of investor funds.
One benefit of being an independent Registered Investment advisor (RIA) is the ability to choose the best custodian for your assets without being tied to a specific bank or brokerage firm. Our chosen custodian is one that we feel provides the highest level of security for both investment assets and investor data. Beyond those critical points, they have also received a great deal of industry recognition for their clear yet thorough reporting and capable client service. While this is not an area of investment management that is talked about often, Upleft feels that it is a critical component of the quality experience that we provide to our valued clients.
We work with a federally chartered limited-purpose savings association to hold client assets.
This organization, SEI Private Trust Company, adheres to many federal mandates, designed specifically to prevent fraud. Beyond regular internal and external audits, SEI Private Trust Company is subject to examination by the Office of Comptroller of Currency.
As a trust company, SEI Private Trust Company cannot comingle funds for any purpose. They cannot pledge, lend, or margin client assets that are held in their custody. In the event of employee errors and omissions events, SEI maintains an insurance policy to address liabilities relating to such issues. Beyond this, SEI provides fidelity bond coverage to protect against computer system failures, counterfeit currency, document forgery, and acts of employee dishonesty.
SEI may not be a household name, but for decades they have been the custodian for many of the largest institutions on the planet, including non-profits, labor unions, banks, hedge funds, and global corporations.
For more information on why Upleft chooses to work with SEI Private Trust Company visit Here
For information specific to the security of your assets, please read https://www.upleftfinancial.com/safeguarding-assets