Why do I need a custodian?

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The Internal Revenue Code, Section 408, requires that an IRA must have a custodian to hold the assets of the plan and provide annual reports to the account owner and the IRS.  A custodian may be a bank, federal credit union or entity approved to act as a custodian by the IRS.  Most brokerage companies fall under this last category of IRS-approved custodians.

M2 Trust Services LLC is a trust company chartered by the State of Colorado subject to regulatory oversight by the Colorado Banking Commission.