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RIA 2 custodians

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Sep 16, 2009 3:39 pm

Can a RIA have two custodians? For example use Scottrade for buying stocks and ETFs to take advantage 0f $7 a trade. Then have trade PMR to take advantage of the full line of products and technology that scottrade does not have.

Sep 16, 2009 3:41 pm

yes. many ria do this. I have two firms I use.

Sep 16, 2009 3:58 pm

Thanks for the info cali