are there custodians other than banks 
yes a custodian can be an individual other types of firms such as a law firm or an accounting firm can be custodians as well the bottom linecustodian banks play an important role in holding and protecting the financial assets owned by individuals and institutions they perform related activities such as account administration transaction settlements the collection and distribution of dividends and fixed income interest payments tax support and foreign exchange management custodians can also be appointed to aid in the oversight and management of financial accounts held by minors and adults unable to care for their affairs due to age illness or physical debilitation 