What does custodial person mean?
What does custodial person mean?
Someone whose job or task is custodial is supposed to take care of you. A babysitter’s job is custodial. A guardian or caregiver of any kind has a custodial duty — he or she supervises and protects another person, usually a child.
What is the difference between fund administrator and custodian?
While many Administrators blur the lines by providing many of the same services as Custodians, the key differences are that Administrators do not have the authority to hold customer funds in pooled accounts or hold title to customer assets in their name.
What is the role of fund administrator?
As well as ensuring financial and legal compliance of a fund, the duties undertaken by a Fund Administrator allow the Fund Manager to concentrate on the areas where they add value – for example, investment decision making and growing the assets of the fund.
What is the difference between an investment manager and a fund manager?
The primary difference between these two jobs is that investment managers focus on securities and bonds while fund managers work with mutual funds. As an investments manager, you work closely with clients to perform a financial evaluation and determine their investment goals.
Is a transfer agent a custodian?
Transfer agents handle the direct responsibility for shareholder purchases and sales of mutual fund shares. The custodian then records these transactions without fund manager involvement. Custodians report these transactions to fund managers so they can continue to keep fund assets and fund cash positions healthy.
How do I become a share transfer agent?
The application for the registration as registrar to an issue or transfer agent can be made under the following categories to the SEBI:
- Category 1: Act as both registrar to an issue and share transfer agent.
- Category 2: Act as either registrar to an issue or share transfer agent.
What are the duties of a transfer agent?
Transfer agents work for the security issuer to record changes of ownership, maintain the issuer’s security holder records, cancel and issue certificates, and distribute dividends. Transfer agents are usually banks or trust companies, but sometimes a company acts as its own transfer agent.
What does transfer agent do?
A transfer agent is a financial services company that manages and keeps track of registered shareholders for companies that issue stock. As a transfer agent, EQ handles the recordkeeping, reporting and communications for hundreds of U.S. corporations and their millions of shareholders around the world.
How do you prove you own stock?
A stock certificate is a document that proves that you own stock in a company. In the digital age, you can prove stock ownership without holding a physical certificate….To prove their legitimacy, stock certificates should also include:
- A seal of authenticity.
- An official signature.
- A registered certificate number.
What is a registered transfer agent?
A registered transfer agent is a transfer agent that has registered with the SEC or, in the case of banks serving as transfer agents, with an applicable Federal bank regulatory agency. Whether a transfer agent must register depends on whether the transfer agent transfers Section 12 Securities.
How do I know if I have shares in a company?
To track down lost shares the first step should be to contact the company’s share registrar, in cases where the company name is known. There are three main registrars in the UK – Capita, Lloyds TSB / Equiniti and ComputerShare.
What is the minimum percentage of share to control a company?
The Companies Act under Section 2 (68) requires Private Company Ltd to have a minimum of two members. Here, the minimum number of members required is two. So, while a Single person or entity may hold 99 % of the shareholding, it is necessary that another person/entity owns the balance 1 %.
How many shares do you need to be on the board?
There is no minimum number of shares that must be authorized in the articles of incorporation. One or more shares may be authorized. However, the corporation may not sell more shares than it is authorized to issue and it must receive consideration in exchange for its shares.
How many shares are there in Apple?
Share Statistics
| Avg Vol (3 month) 3 | 109.22M |
|---|---|
| Shares Outstanding 5 | 16.79B |
| Implied Shares Outstanding 6 | N/A |
| Float | 16.77B |
| % Held by Insiders 1 | 0.08% |
How much of Apple Does Bill Gates Own?
So 2.25 percent of the $79 billion in Apple shares owned by Berkshire Hathaway is owned by Bill & Melinda Gates, which today accounts for… $1.8 billion worth of Apple stock. Percentage-wise, only 0.13 percent of Apple’s total value is owned by the Trust.
Is Apple still a good investment?
Analysts expect over 21% revenue growth from Apple this fiscal year, along with a 35% increase in earnings per share. The company’s revenue was up just 5.5% in fiscal 2020. So investors can buy Apple at a relatively cheap valuation compared to last year and see the company deliver a much-improved financial performance.
Is Apple richer than Google?
Google’s parent company Alphabet has overtaken Apple to become the most cash-rich company in the world. The Financial Times reports that as of the second quarter of this year, Alphabet holds $117 billion in liquid reserves, compared to $102 billion, net of debt, for Apple.
Is Apple richer than a country?
At $2 trillion, Apple’s market value is now higher than the GDP of numerous developed countries, including Italy, Brazil, Canada, Russia and South Korea, to name a few.
Is Apple richer than Samsung?
However, as per Counterpoint Research, Apple made the most money in the market despite being the number three player behind Huawei and Samsung. In terms of revenue, Apple garnered 34% of the total smartphone market revenue in Q2 2020.
Why is Apple so rich?
As long as Apple continues to innovate, there will be heightened demand for its products and services. This leads to pricing power, expanding profit margins, and improved cash flow, which help drive the stock price higher while also allowing Apple to return capital to shareholders.
Is Apple richer than the US government?
$26.945 trillion U.S. federal government debt as of Sept. 30, 2020. This is approximately 13 times greater than Apple’s market cap.
Is Apple bigger than Microsoft?
As of May 2020, AAPL had a market cap of around $1.35 trillion. Apple used to be the largest company in the world, but MSFT edges Apple out with a market cap of $1.40 trillion, riding on the strength in the growth of its cloud computing business.
What makes Apple special?
Apple wants all of its products to be of high quality and therefore produces the highest quality products. Another key feature of Apple is that it constantly innovates. Apple renews its products every year and develops all products with an understanding beyond the era.
What are the key factors that drive the success of Apple?
6 Reasons Apple Is So Successful
- For any product that Apple creates, the people who create it have to want it themselves.
- The products have to be easy to use.
- Keep things simple.
- Offer great customer service and in-store experiences.
- Apple only makes a product if Apple can do it better.
What is the most successful Apple product?
iPhone
Are Apple products better than Samsung?
From its target marketing, research, and product design, Apple is a much more focused company than Samsung. It is also a much more profitable company. Apple succeeds in design and integration, and no small degree of risk.
