Custody services refer to the safekeeping and management of financial assets, such as stocks, bonds, and other investments. These services are typically provided by financial institutions, like banks or specialized firms, which ensure that the assets are securely held and properly accounted for. Custody services also include the processing of transactions, such as buying or selling assets, and the collection of income generated from those assets. In addition to safekeeping, custody services often provide reporting and administrative support. This can involve tracking the performance of investments, managing corporate actions, and ensuring compliance with regulations. Overall, custody services play a crucial role in the financial industry by safeguarding assets and facilitating smooth transactions for clients.