Registered Investment Advisor Scottsdale, Arizona

Chapter · Custody

Where your money is.

The single most important structural safeguard in how I've set up the firm, put in a way you can verify, as five questions with straight answers.

Question 01

Can you take my money?

No.

Structurally, no, your account is in your own name at a third-party custodian. I direct how the money in it is invested. I cannot withdraw it or send it anywhere. The one exception is my quarterly fee, which you authorize in writing and which appears on every custodian statement. That is not just a policy I have chosen to follow; it is how the arrangement is set up.

If you have ever read a story about an adviser who took client money, that story is almost always about an arrangement where the adviser controlled the account and could withdraw from it. That is not how this firm is set up, and under our agreement it cannot be.

Question 02

Where is it, then?

At Interactive Brokers LLC.

US-headquartered custodian and broker-dealer, with offices around the world. Suited to actively managed and internationally aware portfolios. Your account there is in your name, not the firm's, not a pooled fund. Statements arrive from them, not from me.

A simple three-party diagram: You own the account, held at Interactive Brokers LLC. I direct how it is invested but cannot remove funds, apart from the fee you authorize. Interactive Brokers LLC Third-party custodian You Me Owns the account Directs investment only I cannot remove funds
You own the account. The custodian holds the assets. My role is investment direction. Three parties, one boundary I cannot cross.

Question 03

How would I know what's happening?

You see it directly.

You can see every holding, every value, and every transaction at the custodian, in real time. You're not obligated to go through me for any of it, and you don't have to take my word for it; you can go to the custodian directly. Your custodian login is your own. My role is what to buy and when; visibility is yours.

Question 04

What if something happened to your firm?

Your account doesn't.

Your assets sit at the custodian, in your name, separate from Life Story Wealth Planning entirely. If the firm were to close for any reason, your account remains where it is. You would either self-direct going forward or engage a different adviser. The assets themselves do not move because of anything happening to my firm.

Question 05

Why does any of this matter?

Because most cautionary tales aren't about markets.

They are about adviser control. Someone had discretion over an account they should not have had discretion over, and it went badly. The structural safeguard removes that failure mode: if I had never intended to act on client money and could never do so structurally, the failure mode does not exist.

Verifying any of this

You do not have to take my word for it.

Registration and structure are public record. The Form ADV linked below describes the arrangement, including the custody relationship. If it matters to you to verify anything before we talk, that is where to look.