Carta is now a qualified custodian

Carta Securities LLC is proud to announce that we are now a Qualified Custodian for Registered Investment Advisors (RIA) under SEC Rule 206(4)-2.

What is Carta Securities?

Carta Securities, LLC is a subsidiary of eShares Inc DBA Carta, Inc.(Carta). As a broker dealer registered with the SEC and a member of the Financial Industry Regulatory Authority, we received approval to custody securities and can now take on a role of a Qualified Custodian, including providing custody services to Registered Investment Advisors under SEC Rule 206(4)-2.

What is a Qualified Custodian?

A Qualified Custodian holds securities, such as paper stock certificates, for customers, including RIAs. Carta Securities was approved to be a Qualified Custodian by FINRA.

How does this change Carta for me?

If you are a RIA, or your funds are managed by a RIA, you will now be able to hold and view your entire investment portfolio on carta.com. If a company in your portfolio is on the Carta platform, you can electronically accept a digital certificate.

If a company is not on the Carta platform, we will hold your paper stock certificates in a secure vault. Your digital portfolio on Carta will reflect this by identifying these certificates as “paper.” Previously, Carta had to print out these certificates and send them to a Qualified Custodian.

What’s coming next?

Currently, we are restricted to holding just securities. The next step is to upgrade our Broker-Dealer license to allow Carta Securities LLC to accept and hold customers’ cash. This is the beginning of our longer-term plan to create a public and private full-service brokerage for our end users.

Nothing contained in this post constitutes tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument.

Carta Securities LLC, Member FINRA and SIPC.

Henry Ward

Henry Ward

Henry is the ceo of Carta.