Custody & Client Reporting
Like most independent advisors, Deighan Wealth Advisors does not have custody of client accounts or assets. This means we never maintain possession of client securities or cash. Instead, clients have a separate relationship with a third-party custodian, such as Charles Schwab. This assures important checks and balances are in place. In some instances, we do assist clients, with limited, client pre-approved payments to third parties. Some of these instances may cause our firm to be deemed a custodian with respect to that activity, and accordingly, we will report such activities as custody in our annual report to the Securities and Exchange Commission. In all instances, in everything we do, we make sure the appropriate checks and balances are in place to protect our clients.
Each quarter, we provide clients with reports showing account positions and activity. Included with these reports is our self-authored Investment Quarterly. At tax time, we also send clients and their tax preparers important reports to supplement documents provided by their securities custodian. Beyond these routine reports, we are happy to provide clients with additional reports upon request. All of our reports supplement the monthly custodial reports.