Custody services refer to the safekeeping and management of financial assets on behalf of clients, such as individuals, corporations, or institutional investors. These services typically include the protection of assets, transaction settlement, and record-keeping, ensuring that clients' investments are secure and properly managed. Custody services are often provided by financial institutions like banks or specialized firms. They play a crucial role in the investment process by safeguarding assets, facilitating trades, and providing reporting services. This helps clients focus on their investment strategies while ensuring their assets are handled with care and compliance with regulations.