Some institutions charge a relatively small custodialfee to cover administrative expenses each year.
FORBES: Worried About Higher Taxes?
2.
The only explanation for this anomaly was that cash management fees had been buried in the bundled custodialfee.
FORBES: Pensions Demand Return of Global Custodian Bank Overcharges
3.
The only explanation for the overcharges and abuses related to these services is the bundled feecustodial relationship into which pensions have been steered.
FORBES: Pensions Demand Return of Global Custodian Bank Overcharges